The first trade balance reading for Q1 of 2019 comes in at a surplus of AUD 4549m
- expected AUD 2750m
- prior AUD 3769m, revised from 3681m
January imports +3% m/m
- exports +3% m/m
13 straight month of surplus.
AUD marked down on the other data out at the same time, a big miss for retail sales
--
Background:
