FOREX TradingCharts.com

Financial News: Australia's Trade Surplus Increases In April

Australia's Trade Surplus Increases In April

06/03/2021 - 03:11:00 (RTTNews)

(RTTNews) - Australia's trade surplus increased notably in April as exports increased amid falling imports, the Australian Bureau of Statistics reported Thursday.

The trade surplus increased to A$8.02 billion from A$5.79 billion in March. This was above the economists' forecast of A$7.9 billion.

Exports grew 3 percent to A$39.77 billion, while imports fell 3 percent to A$31.74 billion.

As the increase in the trade surplus was largely driven by higher commodity prices, export volumes will need to recover further in the months ahead to prevent trade from being a drag on GDP growth yet again in the second quarter, Ben Udy, an economist at Capital Economics, said.

Another report from the statistical office showed that retail sales grew 1.1 percent on a monthly basis, as initially estimated, in April, following a 1.3 percent rise in March.

On a yearly basis, retail turnover surged 25 percent in April.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Indonesia Holds Key Interest Rate Steady (01 hr(s), 32 min(s), 15 sec(s) ago)
(RTTNews) - Indonesia's central bank left its key interest rates unchanged on Thursday, citing ...Full Story»

U.S. Leading Economic Index Jumps In Line With Estimates In May (03 hr(s), 04 min(s), 15 sec(s) ago)
(RTTNews) - Suggesting strong economic growth will continue in the near term, the Conference Board ...Full Story»

Philly Fed Index Points To Modest Slowdown In Growth In June (04 hr(s), 46 min(s), 15 sec(s) ago)
(RTTNews) - Philadelphia-area manufacturing activity expanded at a slightly slower rate in the mon ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Increase After Six Straight Declines (05 hr(s), 01 min(s), 15 sec(s) ago)
(RTTNews) - After reporting decreases in first-time claims for U.S. unemployment benefits for six ...Full Story»

Taiwan Central Bank Holds Rate At Record Low (05 hr(s), 29 min(s), 15 sec(s) ago)
(RTTNews) - Taiwan's central bank kept its key interest rates unchanged at a record low, as wi ...Full Story»

Philly Fed Index Edges Down Slightly More Than Expected In June (05 hr(s), 32 min(s), 15 sec(s) ago)
(RTTNews) - Philadelphia-area manufacturing activity expanded at a slightly slower rate in the mon ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Rise To 412,000 (05 hr(s), 37 min(s), 15 sec(s) ago)
(RTTNews) - After reporting decreases in first-time claims for U.S. unemployment benefits for six ...Full Story»

South Africa Retail Sales Grow In April (06 hr(s), 31 min(s), 15 sec(s) ago)
(RTTNews) - South Africa's retail sales accelerated in April, data from Statistics South Afric ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Indonesia Holds Key Interest Rate Steady

06/17/2021 - 12:41 PM (RTTNews)
(RTTNews) - Indonesia's central bank left its key interest rates unchanged on Thursday, citing ...Full Story>>

U.S. Leading Economic Index Jumps In Line With Estimates In May

06/17/2021 - 11:09 AM (RTTNews)
(RTTNews) - Suggesting strong economic growth will continue in the near term, the Conference Board ...Full Story>>

Philly Fed Index Points To Modest Slowdown In Growth In June

06/17/2021 - 09:27 AM (RTTNews)
(RTTNews) - Philadelphia-area manufacturing activity expanded at a slightly slower rate in the mon ...Full Story>>

U.S. Weekly Jobless Claims Unexpectedly Increase After Six Straight Declines

06/17/2021 - 09:12 AM (RTTNews)
(RTTNews) - After reporting decreases in first-time claims for U.S. unemployment benefits for six ...Full Story>>

Taiwan Central Bank Holds Rate At Record Low

06/17/2021 - 08:44 AM (RTTNews)
(RTTNews) - Taiwan's central bank kept its key interest rates unchanged at a record low, as wi ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.