Australia posted a seasonally adjusted merchandise trade surplus of A$8.733 billion in July, the Australian Bureau of Statistics said on Thursday. That was down sharply from the downwardly revised A$17.13 billion surplus in June (originally A$17.67 billion). Exports were down 9.9 percent on month after rising 5.0 percent in the previous month, while imports jumped 5.0 percent on month after gaining just 1.0 percent a month earlier.Powered by Commodity Insights
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