Australia trade balance for April: +977m AUD (vs. expected surplus of 1bn AUD)

A small miss on expectations at 977m AUD surplus

• expected surplus of 1bn
• The headline miss will be softened somewhat by an upward revision in the March surplus to 1.730bn (from 1.527)

Exports -2% m/m

• imports 0% change m/m

For background on the data:

• Australian Trade balance for April due Thursday 7 June 2018 - more preview
• Australian Trade balance for April due Thursday 7 June 2018 - preview