Australia’s Trade Surplus narrowed to 5,413M MoM in April versus 6,100M expected and 6,892M (revised from 6,900M) 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 2.4% MoM in April from 7.2% (revised from 7.6%) seen a month earlier. Meanwhile, Imports rose by 1.1% MoM in April, compared to a decline of 2.4% (revised from -2.2%) seen in March.
