I posted previews of the Australian April trade balance data earlier
- Australian Trade balance for April due Thursday 7 June 2018 - more preview
- Australian Trade balance for April due Thursday 7 June 2018 - preview
This quickie now via Capital Economics, they are well below consensus what they expect:
- a rise in the price of imported oil may have contributed to a 2.0% m/m rise in the value of all imports
- weaker grain and resource exports may have led to a 1.0% m/m fall in export values
- Overall, we estimate that the trade surplus fell to about $0.7bn in April. That would pave the way for net exports being less of a support to real GDP growth in the second quarter
