Thursday 5th July 2012

Australia’s trade in the red

by Alan Thornhill

Australia chalked up a $285 million trade deficit in May.

That seasonally adjusted figure, published by the Bureau of Statistics, resulted from a 2 per cent increase in exports and a 3 per cent increase in imports..

The Bureau noted that exports of non-monetary gold rose by 15 per cent during the month.

However imports of non-monetary gold also rose, by 27 per cent.

Imports of consumption goods, notably textiles, clothing and footwear, rose by 4 per cent during the month

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Alan Thornhill is a parliamentary press gallery journalist.
Private Briefing is updated daily with Australian personal finance news, analysis, and commentary.

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