Thu, 05 Jul 2012 06:22:40 GMT
Australia's trade shortfall broadened in May
Australian trade deficit expanded in May for a fifth straight month on higher level of imports of fuel and industrial equipment. Imports outperformed exports by AUD 285 million (USD 292 million) compared to a AUD 26 million shortfall reached in April, Bureau of Statistics reported on Thursday. The report adds pressure on RBA to prolong interest rate cuts.