Australia’s Trade Surplus decreases to 2,968M MoM in February vs. 5,600M expected

Australia’s trade surplus decreased to 2,968M MoM in February versus 5,600M expected and 5,156M (revised from 5,620M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.

Further details reveal that Australia's Exports fell by 3.6% MoM in February from 0.8% (revised from 1.3%) seen a month earlier. Meanwhile, Imports rose by 1.6% MoM in February, compared to a fall of 4.0% (revised from -0.3%) seen in January.