2024-02-05 01:48:52 ET
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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.
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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.
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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.
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Imports of goods to Australia jumped by 4.8% month-over-month to A$36.17 billion in December 2023.
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Currency: ( USD:AUD )
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More on Australia economy:
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Australia's ASX 200 hits an all-time high as producer inflation eases to 0.9% in Q4
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Australia’s CPI inflation declines to 0.6% in Q4, drops to 2-year low
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Australia services PMI contracts to 47.9, composite PMI drops to 10-month low in October
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Australia Q3 producer inflation advanced by 1.8% Q/Q amid higher prices
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Australia's trade balance beats expectations in Dec as exports grew less than imports