Australian trade balance shifted to deficit

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Source: WBPonline
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 $100 million.
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