2 Jul 2015
Australia's trade deficit widens more-than-expected in May
FXStreet (Bali) - Australia's Trade Balance came in at -2751M for the month of May, which is below forecasts of -2200M. Imports fell from previous -2% to -4% in May, while exports were up to 1% in May from previous -2%.
MAY KEY POINTS
BALANCE ON GOODS AND SERVICES: In trend terms, the balance on goods and services was a deficit of $2,611m in May 2015, an increase of $318m (14%) on the deficit in April 2015. In seasonally adjusted terms, the balance on goods and services was a deficit of $2,751m in May 2015, a decrease of $1,385m (33%) on the deficit in April 2015.
CREDITS (EXPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services credits rose $206m (1%) to $25,528m. Non-rural goods rose $313m (2%) and rural goods rose $164m (4%). Non-monetary gold fell $286m (26%). Net exports of goods under merchanting remained steady at $32m. Services credits rose $16m.
DEBITS (IMPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services debits fell $1,179m (4%) to $28,279m. Capital goods fell $1,065m (18%), intermediate and other merchandise goods fell $113m (1%) and consumption goods fell $28m. Non-monetary gold rose $89m (31%). Services debits fell $61m (1%).
MAY KEY POINTS
BALANCE ON GOODS AND SERVICES: In trend terms, the balance on goods and services was a deficit of $2,611m in May 2015, an increase of $318m (14%) on the deficit in April 2015. In seasonally adjusted terms, the balance on goods and services was a deficit of $2,751m in May 2015, a decrease of $1,385m (33%) on the deficit in April 2015.
CREDITS (EXPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services credits rose $206m (1%) to $25,528m. Non-rural goods rose $313m (2%) and rural goods rose $164m (4%). Non-monetary gold fell $286m (26%). Net exports of goods under merchanting remained steady at $32m. Services credits rose $16m.
DEBITS (IMPORTS OF GOODS AND SERVICES): In seasonally adjusted terms, goods and services debits fell $1,179m (4%) to $28,279m. Capital goods fell $1,065m (18%), intermediate and other merchandise goods fell $113m (1%) and consumption goods fell $28m. Non-monetary gold rose $89m (31%). Services debits fell $61m (1%).