Thu, 05 Sep 2013 08:40:03 GMT
Australian trade balance shifted to deficit
Australian trade balance unexpectedly turned into red in July, a huge gain in imports offset the incremental increase in exports. The Australian Bureau of Statistics said the difference between the number of exported and imported goods and services stood at -$765 million in July, from a downwardly- revised $243 million surplus a month earlier. Analysts, however, expected a surplus of