April trade balance surplus (!) from Australia due at 0130GMT on Thursday 7 June 2018
- expected +1.0bn
- prior +1527m
Earlier preview here:
In brief, via Westpac, the bank expecting a narrower trade surplus than March, citing:
- The import bill is expected to increase by 1%, +$0.3bn, on higher prices (notably for oil) and a lift in volumes
- Export earnings are expected to moderate in the month, down a forecast 0.9%, -$0.3bn. LNG is a likely plus, on higher prices and volumes, but we expect this to be more than offset by falls across coal (price and volumes), iron ore (prices), as well as gold and rural (coming off a high base).
