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By Ambar Warrick
Investing.com--Australiaâs trade surplus shrank more than expected in January, data showed on Tuesday, as a small increase in exports was largely offset by a spike in imports on a sharp increase in automobile shipments.
Australiaâs trade balance showed a surplus of A$11.69 billion (A$1=$0.6731) in January, which was lower than estimates of A$12.50 billion, as well as Decemberâs reading of A$12.24 billion.
While overall exports rose 1% from the prior month, they...
>>> Read more: Australia trade balance unexpectedly shrinks in January
Investing.com--Australiaâs trade surplus shrank more than expected in January, data showed on Tuesday, as a small increase in exports was largely offset by a spike in imports on a sharp increase in automobile shipments.
Australiaâs trade balance showed a surplus of A$11.69 billion (A$1=$0.6731) in January, which was lower than estimates of A$12.50 billion, as well as Decemberâs reading of A$12.24 billion.
While overall exports rose 1% from the prior month, they...
>>> Read more: Australia trade balance unexpectedly shrinks in January
