ABS reports November trade surplus

  • Posted by David Sexton
  • |
  • 7 January, 2019
A SURPLUS of $2.26bn was reported in November by way of the trade in Australian goods and services, the Australian Bureau of Statistics has revealed. According to the ABS, in trend terms, the figure represented a decrease of $7m on the surplus in October 2018. In seasonally adjusted terms, the balance on goods and services was a surplus of $1.93bn in November 2018, a fall of $88m on the surplus in October 2018. In seasonally adjusted terms, goods and services credits rose $532m (1%) to $38.45bn. Also in seasonally adjusted terms, goods and services debits rose $620m (2%) to $36.52bn.

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Posted by David Sexton

David Sexton is DCN’s senior journalist and has an extensive career across online and print media. A former DCN editor, he returns to covering shipping and logistics after a four-year hiatus working at Monash University during which time he managed production of key reports into the Indonesian ports and rail sectors.

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