04.06.202001:50:00UTC+00Australia Posts A$8.800 Billion Trade Surplus

Australia had a seasonally adjusted merchandise trade surplus of A$8.800 billion in April, the Australian Bureau of Statistics said on Thursday - down 16 percent on month.

That exceeded expectations for a surplus of A$7.5 billion following the downwardly revised A$10.44 billion surplus in March (originally A$10.60 billion).

Exports were down 11.0 percent on month following the downwardly revised 13.9 percent increase in the previous month.

Imports sank 10.0 percent on month after losing a revised 3.6 percent a month earlier (originally -4.0 percent).