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5 Aug 2014
Australian trade deficit for June less-than-expected
FXStreet (Bali) - Australian trade balance for June came at -1,683M vs -1,900m exp and -1,911M last, with exports coming at 0% vs -5% exp, while imports were -1% vs -1% last.
June key points
BALANCE ON GOODS AND SERVICES: In trend terms, the balance on goods and services was a deficit of $1,636m in June 2014, an increase of $558m (52%) on the deficit in May 2014. In seasonally adjusted terms, the balance on goods and services was a deficit of $1,683m in June 2014, a decrease of $360m (18%) on the deficit in May 2014.
CREDITS (EXPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services credits rose $125m to $26,620m. Rural goods rose $135m (4%), non-monetary gold rose $68m (7%) and net exports of goods under merchanting rose $1m. Non-rural goods fell $116m (1%). Services credits rose $38m (1%).
DEBITS (IMPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services debits fell $235m (1%) to $28,302m. Capital goods fell $174m (3%), consumption goods fell $85m (1%) and non-monetary gold fell $14m (4%). Intermediate and other merchandise goods rose $10m. Services debits rose $29m.
2013-14 SITUATION: In original terms, the balance on goods and services for 2013-14 was a deficit of $6.1b, a fall of $14.0b (70%) on the deficit of $20.0b recorded in 2012-13, resulting from a $30.3b (10%) increase in goods and services credits partly offset by a $16.3b (5%) increase in goods and services debits.
June key points
BALANCE ON GOODS AND SERVICES: In trend terms, the balance on goods and services was a deficit of $1,636m in June 2014, an increase of $558m (52%) on the deficit in May 2014. In seasonally adjusted terms, the balance on goods and services was a deficit of $1,683m in June 2014, a decrease of $360m (18%) on the deficit in May 2014.
CREDITS (EXPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services credits rose $125m to $26,620m. Rural goods rose $135m (4%), non-monetary gold rose $68m (7%) and net exports of goods under merchanting rose $1m. Non-rural goods fell $116m (1%). Services credits rose $38m (1%).
DEBITS (IMPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services debits fell $235m (1%) to $28,302m. Capital goods fell $174m (3%), consumption goods fell $85m (1%) and non-monetary gold fell $14m (4%). Intermediate and other merchandise goods rose $10m. Services debits rose $29m.
2013-14 SITUATION: In original terms, the balance on goods and services for 2013-14 was a deficit of $6.1b, a fall of $14.0b (70%) on the deficit of $20.0b recorded in 2012-13, resulting from a $30.3b (10%) increase in goods and services credits partly offset by a $16.3b (5%) increase in goods and services debits.