06.12.2018 02:30:09

Australia October Trade Surplus A$2.316 Billion

(RTTNews) - Australia posted a seasonally adjusted merchandise trade surplus of A$2.316 billion in October, the Australian Bureau of Statistics said on Thursday - down 21 percent on month.

That was shy of expectations for a surplus of A$3.00 billion and down from the downwardly revised A$2.940 billion in September (originally A$3.017 billion).

Exports were up 1.0 percent on month to A$38.045 billion.

Non-rural goods rose $1.019 billion (4 percent) and net exports of goods under merchanting rose A$12 million (63 percent).

Non-monetary gold fell A$355 million (24 percent) and rural goods fell A$277 million (7 percent). Services credits rose A$93 million (1 percent).

Imports climbed 3.0 percent to A$35.729 billion.

Intermediate and other merchandise goods rose A$582 million (5 percent), capital goods rose A$481 million (8 percent) and consumption goods rose A$105 million (1 percent).

Non-monetary gold fell A$26 million (7 percent). Services debits fell A$25 million.

Also on Thursday, the ABS said that the value of retail sales in Australia was up a seasonally adjusted 0.3 percent on month in October, coming in at A$26.986 billion.

That was in line with expectations following the 0.2 percent increase in September.

The following industries rose in in October: food retailing (0.2 percent), other retailing (0.5 percent), cafes, restaurants and takeaway food services (0.2 percent), and clothing, footwear and personal accessory retailing (0.2 percent).

Household goods retailing (-0.1 percent) and department stores (-0.1 percent) were down.