Monday, October 5, 2009

Australia’s August Trade Deficit Narrows as Oil Imports Fall

By Jacob Greber

Oct. 6 (Bloomberg) -- Australia’s trade deficit narrowed in August as imports of oil and consumer goods fell.

The shortfall narrowed to A$1.52 billion ($1.33 billion) from a revised A$1.78 billion in July, the Bureau of Statistics said in Sydney today. The median estimate in a Bloomberg survey of 19 economists was for a A$900 million gap.

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