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Australia's Trade Deficit Narrows

  •   Thu, Aug 02 2012 01:29:42 PM

Sydney, Aug 2 (IANS): Australia's trade deficit narrowed in June, data released Thursday by the Australian Bureau of Statistics (ABS) showed.

The balance on goods and services was a surplus of 9 million AU dollars ($9.42 million) in June, a turnaround of 322 million AU dollars ($336.92 million) on the deficit in May, the ABS said.

Economists' forecasts had centered on a deficit of 400 million AU dollars ($418.54 million) in June, reported Xinhua.

In June, exports of goods and services fell 99 million AU dollars ($103.59 million) to 26,629 million AU dollars ($27,863 million) while imports of goods and services fell 2.0 percent to 26,619 million AU dollars ($27,853 million), the ABS reported.

  

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