Economic Buzz: Australias Exports Rebound

6 Oct 2022 , 12:00 PM

Australia recorded a seasonally adjusted merchandise trade deficit of A$8.324 billion in August, the Australian Bureau of Statistics said on Thursday. That was down from the upwardly revised A$8.967 billion surplus in July (originally A$8.733 billion). Exports rose A$1.434 billion or 2.6 percent on month to A$56.774 billion after sliding 10.0 percent in the previous month. Imports moved up A$2.077 billion or 4.5 percent on month to A$48.450 billion after rising 5.0 percent a month earlier. Powered by Commodity Insights