Investing.com – Australia's trade surplus narrowed unexpectedly in April, official data showed on Thursday.
In a report, the Australian Bureau of Statistics said the nation’s trade surplus narrowed to AUD1.60 billion in April, down from a of AUD1.69 billion in March, whose figure was revised down from a surplus of AUD1.74 billion.
Economists had expected the trade surplus to widen to AUD2.13 billion in April.
According to the data, the value of imports totaled AUD23.68 billion in April, while the value of exports came in at AUD 25.28 billion.
Following the release of the data, the Australian dollar was up against its U.S. counterpart, with AUD/USD gaining 0.19% to hit 1.0634.
In a report, the Australian Bureau of Statistics said the nation’s trade surplus narrowed to AUD1.60 billion in April, down from a of AUD1.69 billion in March, whose figure was revised down from a surplus of AUD1.74 billion.
Economists had expected the trade surplus to widen to AUD2.13 billion in April.
According to the data, the value of imports totaled AUD23.68 billion in April, while the value of exports came in at AUD 25.28 billion.
Following the release of the data, the Australian dollar was up against its U.S. counterpart, with AUD/USD gaining 0.19% to hit 1.0634.