Australia - Trade balance for August due
- expected 6,000m surplus
- prior 7,268m surplus
Commentary ahead via Westpac:
- Another historically large surplus is likely
- but lower than the record A$8bn in June and July's A$7.3bn
- We expect exports to have fallen -3.5%, led by metal ores, coal and gold.
- Imports are likely to have edged up 0.6%, mostly due to a softer AUD rather than stronger demand
