Australia faces the first trade shortfall in 11 months

Note: This section contains information in English only.
Source: Bloomberg
Australia posted a trade shortfall in January, the first since March 2010 on declining exports of coal and iron ore. Imports outperformed exports by AUD 673 million (USD 715 million). Analysts questioned by Bloomberg predicted a surplus of around AUD 1.5 billion. Unexpected drop in exports increases pressure on RBA officials to extend monetary easing instead of holding benchmark rate unchanged.
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Fri, 09 Mar 2012 08:06:42 GMT

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