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Australia Has A$7.129 Billion Trade Surplus In October
(RTTNews) - Australia posted a seasonally adjusted merchandise trade surplus of A$7.129 billion in October, the Australian Bureau of Statistics said on Thursday.
That was shy of expectations for A$7.5 billion but still up from the downwardly revised A$6.184 billion surplus in September (originally A$6.786 billion).
Exports rose 0.4 percent on month to A$45.548 billion, while imports slumped 1.9 percent to A$38.419 billion.
Export of non-rural goods rose A$159 million (0.4 percent), driven by metal ores and minerals, up A$362 million (2.3 percent).
Export of rural goods fell A$113 million (1.8 percent).
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