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.