FXA - Australia's trade balance beats expectations in Dec as exports grew less than imports

2024-02-05 01:48:52 ET

• Australia's trade surplus on goods declined to A$10.96 billion in December 2023 from an upwardly revised A$11.76 billion in the previous month, compared to market forecasts of A$11 billion, as exports grew less than imports.

• Shipments increased by 1.8% from the previous month to AUD a seven-month high of 47.13 billion, mainly underpinned by non-monetary gold.

• Exports of goods from Australia grew 1.8% from a month earlier to a seven-month high of A$47.13 billion in December 2023, driven by non-monetary gold and general merchandise.

• Imports of goods to Australia jumped by 4.8% month-over-month to A$36.17 billion in December 2023.

• ETFs: ( EWA ), ( FXA ), ( FLAU ).

• Currency: ( USD:AUD )

• More on Australia economy:

• Australia's ASX 200 hits an all-time high as producer inflation eases to 0.9% in Q4

• Australia’s CPI inflation declines to 0.6% in Q4, drops to 2-year low

• Australia services PMI contracts to 47.9, composite PMI drops to 10-month low in October

• Australia Q3 producer inflation advanced by 1.8% Q/Q amid higher prices

• RBA keeps interest rate on hold at 4.10% in October

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