Australian trade balance data for August, exports fall more than expected

Exports for the month were estimated to have fallen by 2% but come in at -4% m/m

• For imports, the central median estimate was -5%, these are +2%
• Trade balance +2643m AUD, a big miss on expected 5050m surplus and the smallest surplus since Oct. 2018

Data out simultaneously from ANZ on job ads for September: +7.8% m/m (August was +1.6%)