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Actual | Forecast | Previous | Revised Form | |
| -0.56B | -0.10B | -0.28B | -0.09B | ||
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For May
(s.a.)
Imports m/m: -4%, pr. -2% (apr). -3% (Mar), -1% (Feb), -7% (Jan),
Australia's trade balance posted its biggest deficit since July 2008 in the May period. The trade deficit widened to a seasonally-adjusted 556 million Australian dollars ($449 million), as exports continued their slide. Exports were down 5% continuing the weak demand seen in April when they slid 11%. The global economic slowdown has sapped demand for Australia's commodities, depriving Australia's economy of a key sector for growth. Imports were down 4% as well, which worked to offset some of the decline in exports. Australian mining and energy companies, which flourished during the commodity rally in 2008, will now face headwinds until growth in developing nations like China starts to pick up. AUD/USD - 1 Hour Chart - July 2nd - 12:20AM ET
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| 10/1 | 11/4 | 12/3 | 1/7 | 2/2 | 3/4 | 4/1 | 5/5 | 6/3 | 7/1 | ||
| Actual | 1.36B | 1.46B | 2.95B | 1.45B | 0.59B | 0.97B | 2.11B | 2.50B | -0.09B | -0.56B | |
| Forecast | 0.26B | 0.50B | 1.45B | 2.15B | 1.05B | 1.10B | 0.70B | 1.75B | 1.70B | -0.10B | |
| Previous | -0.69B | 1.24B | 1.25B | 2.95B | 0.98B | 0.42B | 0.93B | 1.75B | 2.30B | -0.28B | |
| Revised From | N/A | 1.36B | 1.46B | N/A | 1.45B | 0.59B | 0.97B | 2.11B | 2.50B | -0.09B | |
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Actual | Forecast | Previous | Revised Form | |
| -0.09B | 1.70B | 2.30B | 2.50B | ||
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For April
Imports m/m: -2%. pr. -3% (Mar), -1% (Feb), -7% (Jan), -2% (Dec),
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Actual | Forecast | Previous | Revised Form | |
| 2.50B | 1.75B | 1.75B | 2.11B | ||
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For March
Imports m/m: pr. -1% (Feb), -7% (Jan), -2% (Dec), 2% (Nov), 0% (Oct),
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Actual | Forecast | Previous | Revised Form | |
| 2.11B | 0.70B | 0.93B | 0.97B | ||
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For February
Imports m/m: -1%, pr. -7% (Jan), -2% (Dec), 2% (Nov), 0% (Oct), 7% (Sep),
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Actual | Forecast | Previous | Revised Form | |
| 0.97B | 1.10B | 0.42B | 0.59B | ||
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For January
Imports m/m: -7%, pr. -2% (Dec), 2% (Nov), 0% (Oct), 7% (Sep),
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Actual | Forecast | Previous | Revised Form | |
| 0.59B | 1.05B | 0.98B | 1.45B | ||
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For December
Imports m/m: -2%, pr. 2% (Nov), 0% (Oct), 7% (Sep), -2.0% (Aug),
Australia's trade surplus shrank by 40% in December as an economic slowdown in China reduced demand for commodity exports. Exports were down 3%, while imports decreased 2%. With commodity prices falling, there is a chance that Australia returns to a trade deficit soon. December was the fifth month in a row that there was a surplus, but the trade surplus has shrank the last three months. December's figure came in far below expectations. |
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Actual | Forecast | Previous | Revised Form | |
| 1.45B | 2.15B | 2.95B | N/A | ||
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For November
Imports m/m: 2%, pr. 0% (Oct), 7% (Sep), -2.0% (Aug), 4.0% (Jul)
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Actual | Forecast | Previous | Revised Form | |
| 2.95B | 1.45B | 1.25B | 1.46B | ||
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For October
Imports m/m: 0%, pr. 7% (Oct), -2.0% (Aug), 4.0% (Jul), -1.0% (Jun)
The Australia trade surplus surprised forecasts on the upside, increased to A$2.95 billion, driven by an increase in coal exports. Exports rose 7% on a seasonally adjusted basis, while imports remained flat. The better than expected result may help to keep GDP growth positive in the 4th quarter, the way a boost in farming helped keep growth positive in the 3rd quarter. Australia will have to worry about the global recession which could affect demand and prices for the country's exports. However with the recent depreciation of the Aussie, Australian exports should remain attractive for foreign buyers. |
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Actual | Forecast | Previous | Revised Form | |
| 1.46B | 0.50B | 1.24B | 1.36B | ||
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For September
Imports m/m: 7%, pr. -2.0% (Aug), 4.0% (Jul), -1.0% (Jun), 6.0% (May)
Australia's exports beat out imports for the month of September, bringing the trade surplus to 1.46B AUD. Exports rose 8%, while imports rose 7%. This exceeded economists expectations of a half-billion AUD surplus and is the highest level since June of 1997. Non-rural goods exports were the main contributor for the increase in exports, as it outweighed the month's import growth led by intermediate and other merchandise goods. |
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Actual | Forecast | Previous | Revised Form | |
| 1.36B | 0.26B | -0.69B | N/A | ||
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For August
Imports m/m: -2.0%, pr. 4.0% (Jul), -1.0% (Jun), 6.0% (May), -2.2% (Apr)
On a seasaonally adjusted basis, August exports in Australia grew 6.0% or by $1.48 billion, while imports on the month shrank by 2.0%, or by $575 million. The result is a trade surplus of $1.36 billion, which is a swing of $2.06 billion.
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