Australia posted a seasonally adjusted merchandise trade deficit of A$1.541 trillion in October, the Australian Bureau of Statistics said on Thursday.
That was well shy of forecasts for a deficit of A$610 million following the downwardly revised A$1.272 trillion shortfall in September (originally -A$1.227 trillion).
Exports were up 1.0 percent on month or A$389 million to A$27.631 billion
Non-rural goods added A$223 million (1 percent) and non-monetary gold rose A$198 million (13 percent).
Rural goods fell A$150 million (4 percent) and net exports of goods under merchanting shed A$3 million (6 percent). Services credits climbed A$121 million (2 percent).
Imports advanced 2.0 percent or A$658 million to A$29.172 billion.
Capital goods surged A$490 million (10 percent), while consumption goods added A$100 million (1 percent) and intermediate and other merchandise goods gained A$97 million (1 percent).
Non-monetary gold fell A$162 million (26 percent), while services debits added A$135 million (2 percent).
by RTT Staff Writer
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