Trade balance for December,
- expected -850m,
- prior was -1016m, revised from -925m
- December exports +1% m/m
- imports -1% m/m
Out at the same time: Australia Building approvals for December: -3.3% m/m (expected -5.0%)
Both the building approvals and trade data beat expectations
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- Low commodity prices means the run of trade deficits is likely to continue
- This was the 9nth deficit in succession