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7 Jan 2014
Australian trade deficit less than expected in Nov 2013
FXstreet.com (Bali) - The Australian trade balance (Nov) came at -118M vs -300M expected and -529M last, with exports (Nov) at 0% vs 0% Oct, and imports coming at -1% vs 1% last.
November key points - Australian Bureau of Statistics
BALANCE ON GOODS AND SERVICES: In trend terms, the balance on goods and services was a deficit of $350m in November 2013, a decrease of $144m (29%) on the deficit in October 2013. In seasonally adjusted terms, the balance on goods and services was a deficit of $118m in November 2013, a decrease of $240m (67%) on the deficit in October 2013.
CREDITS (EXPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services credits rose $94m to $27,377m. Non-rural goods rose $93m (1%) and rural goods rose $18m (1%). Net exports of goods under merchanting remained steady at $44m. Non-monetary gold fell $61m (4%). Services credits rose $45m (1%).
DEBITS (IMPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services debits fell $146m (1%) to $27,495m. Consumption goods fell $127m (2%) and non-monetary gold fell $42m (12%). Intermediate and other merchandise goods remained steady at $9,632m. Capital goods rose $70m (1%). Services debits fell $48m (1%).
November key points - Australian Bureau of Statistics
BALANCE ON GOODS AND SERVICES: In trend terms, the balance on goods and services was a deficit of $350m in November 2013, a decrease of $144m (29%) on the deficit in October 2013. In seasonally adjusted terms, the balance on goods and services was a deficit of $118m in November 2013, a decrease of $240m (67%) on the deficit in October 2013.
CREDITS (EXPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services credits rose $94m to $27,377m. Non-rural goods rose $93m (1%) and rural goods rose $18m (1%). Net exports of goods under merchanting remained steady at $44m. Non-monetary gold fell $61m (4%). Services credits rose $45m (1%).
DEBITS (IMPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services debits fell $146m (1%) to $27,495m. Consumption goods fell $127m (2%) and non-monetary gold fell $42m (12%). Intermediate and other merchandise goods remained steady at $9,632m. Capital goods rose $70m (1%). Services debits fell $48m (1%).