Financial News: Australia October Trade Surplus A$5.953 Billion

Australia October Trade Surplus A$5.953 Billion

12/04/2024 - 19:48:00 (RTTNews)

(RTTNews) - Australia posted a seasonally adjusted merchandise trade surplus of A$5.953 billion in October, the Australian Bureau of Statistics said on Thursday.

That beat expectations for a surplus of A$4.530 billion following the downwardly revised A$4.532 billion surplus in September (originally A$4.609 billion).

Exports rose 3.6 percent on month to A$42.148 billion after falling a downwardly revised 4.7 percent in the previous month (originally -4.3 percent).

Imports were up 0.1 percent on month to A$36.195 billion after dropping an upwardly revised 2.8 percent a month earlier (originally -3.1 percent).

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