Australia trade balance data for March AUD 5574m surplus misses estimates

Australia trade balance for March comes in at a surplus of AUD 5.574bn

• expected surplus AUD 8.2bn

• prior surplus AUD 7.529bn

exports -2% m/m for a bad miss

• expected +4% m/m%, prior -1%

imports +4% m/m miss also

• expected +8%, prior +5%

more to come