Trade surplus - 5th month in a row

It looks like today will be a good news day.

Another indicator that the June national accounts might not be so weak as touted, Australia recording a 5th consecutive month of trade surplus according to the ABS:

  • "In seasonally adjusted terms, the balance on goods and services was a surplus of $602m in June 2013, an increase of $95m (19%) on the surplus in May 2013"
The balance on goods and services:

Graph: This graph shows the Balance on Goods and Services for the Trend and Seasonally adjusted series

Source: ABS

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