Australia's goods surplus narrowed to A$1.923bn as exports fell 3.3 percent
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Australia's seasonally adjusted goods surplus narrowed to A$1.923bn in July, the Australian Bureau of Statistics reported Thursday. That was A$418m below June's A$2.341bn surplus.
Both sides fell.
Exports declined by A$1.576bn to A$46.261bn, a 3.3 percent drop. The agency identified non-monetary gold and coal, coke and briquettes as the main drivers.
Imports fell by A$1.157bn to A$44.339bn, down 2.5 percent. Fuel and lubricants and non-monetary gold led that decline.
The surplus followed an A$2.392bn goods deficit in May. The release measures goods and does not include services trade.


