Australia Trade balance (May) AUD 6.548bn surplus (expected AUD5.5bn surplus)

Australia Trade Balance for April 2024 comes in at a surplus of AUD 6.548bnexpected AUD5.4bn, prior AUD5.02bnExports -2.5% m/mprior -0.6%Imports -7.2% m/mprior +4.2%The drop in commodities is a sign of a weakening in the economy, perhaps. Countering this was the decent rise in the month before. Not dropping too hard, a bit of sideways? Still, the number is 7.2% m/m, not going to be ignored.Imports chopping sideways This article was written by Eamonn Sheridan at www.forexlive.com.

Jun 6, 2024 - 07:50
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Australia Trade balance (May) AUD 6.548bn surplus (expected AUD5.5bn surplus)

Australia Trade Balance for April 2024 comes in at a surplus of AUD 6.548bn

  • expected AUD5.4bn, prior AUD5.02bn

Exports -2.5% m/m

  • prior -0.6%

Imports -7.2% m/m

  • prior +4.2%

The drop in commodities is a sign of a weakening in the economy, perhaps. Countering this was the decent rise in the month before. Not dropping too hard, a bit of sideways?

Still, the number is 7.2% m/m, not going to be ignored.

Imports chopping sideways This article was written by Eamonn Sheridan at www.forexlive.com.

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