Australia trade surplus shrinks sharply as gold exports dive
Home » Australia trade surplus shrinks sharply as gold exports dive

Australia trade surplus shrinks sharply as gold exports dive

by Inkhabar webdesk
Australia trade surplus shrinks sharply as gold exports dive

SYDNEY (Reuters) -Australia's surplus on goods trade shrank sharply in August as shipments of gold plunged after a run of strong months, data showed on Thursday, while imports were up across the board. The Australian Bureau of Statistics reported the surplus on goods fell to A$1.8 billion ($1.19 billion) in August, from a revised A$6.6 billion in July. That was far below market forecasts for a A$6.2 billion surplus. Exports dived climbed 7.8%, led by a 47% drop in non-monetary gold. Imports rose 3.2%, with gains across consumer goods, aircraft, and telecom equipment. ($1 = 1.5389 Australian dollars) (Reporting by Wayne Cole; Editing by Kim Coghill)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

You may also like