Trade sur­plus still on the rise

Mercury (Hobart) - - BUSINESS -

THE value of Aus­tralia’s ex­ports out­stripped the amount the na­tion spent on im­ports in Septem­ber by more than $7 bil­lion.

The trade sur­plus in­creased to $7.18 bil­lion, sea­son­ally ad­justed, from an up­wardly re­vised $6.62 bil­lion in Au­gust, the Aus­tralian Bureau of Sta­tis­tics said yes­ter­day. Im­ports and ex­ports were both up 3 per cent.

An­a­lysts were ex­pect­ing the trade bal­ance to shrink to a sur­plus of about $5.1 bil­lion.

Com­mSec se­nior econ­o­mist Ryan Fels­man said the rolling an­nual trade sur­plus, for the year to Septem­ber, was a record $63.35 bil­lion.

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