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03.07.201901:49:00UTC+00Australia Trade Surplus Rises In May

Australia's trade surplus increased more than expected in May on higher exports, data from the Australian Bureau of Statistics showed on Wednesday.

The trade surplus rose to a seasonally adjusted A$5.74 billion in May from A$4.82 billion in April. Economists had forecast the surplus to rise to A$5.25 billion.

On a monthly basis, exports of goods and services gained 4.0 percent on month to A$41.58 billion.

Compared to the previous month, imports rose to 1.0 percent in May to A$35.83 billion, data showed.



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