Wed, 03 Oct 2012 09:21:44 GMT
Australia's trade deficit widened in August
According to official data of the Australian Bureau of Statistics, trade deficit in Australia widened in August, with the balance on services and goods at deficit of $2.027 billion, compared with July's figure of $1.53 billion. It is the biggest trade deficit since March 2008 and the country's 8 consecutive deficit. During August, exports declined 3%, whereas imports fell 1%.