Australia’s trade surplus below forecasts in May as imports grow faster than exports

seekingalpha07-04

Australia's trade surplus on goods narrowed to AUD 5.77 billion in May 2024 from a downwardly revised AUD 6.03 billion in the previous month, below market expectations of AUD 6.68 billion, as exports ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2448494131?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1395075914/image_1395075914.jpg","is_english":true,"pubTime":"2024-07-04 13:41","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2448494131","market":"us","top_or_hot":-1,"title":"Australia’s trade surplus below forecasts in May as imports grow faster than exports","media":"seekingalpha","content":"<div>\n<p>Australia's trade surplus on goods narrowed to AUD 5.77 billion in May 2024 from a downwardly revised AUD 6.03 billion in the previous month, below market expectations of AUD 6.68 billion, as exports ...</p>\n\n<a href=\"https://seekingalpha.com/news/4122226-australias-trade-surplus-below-forecasts-in-may-as-imports-grow-faster-than-exports\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australia’s trade surplus below forecasts in May as imports grow faster than exports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralia’s trade surplus below forecasts in May as imports grow faster than exports\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-04 13:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4122226-australias-trade-surplus-below-forecasts-in-may-as-imports-grow-faster-than-exports><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Australia's trade surplus on goods narrowed to AUD 5.77 billion in May 2024 from a downwardly revised AUD 6.03 billion in the previous month, below market expectations of AUD 6.68 billion, as exports ...</p>\n\n<a href=\"https://seekingalpha.com/news/4122226-australias-trade-surplus-below-forecasts-in-may-as-imports-grow-faster-than-exports\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4582","symbol_name":"ESG ETF-MSCI","start_time":0,"source_url":"https://seekingalpha.com/news/4122226-australias-trade-surplus-below-forecasts-in-may-as-imports-grow-faster-than-exports","article_id":"2448494131","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1395075914/image_1395075914.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2448494131","pubTimestamp":1720071714,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Australia's trade surplus on goods narrowed to AUD 5.77 billion in May 2024 from a downwardly revised AUD 6.03 billion in the previous month, below market expectations of AUD 6.68 billion, as exports grew less than imports. Exports of goods from Australia grew 2.8% from a month earlier to a three-month high of AUD 43.98 billion in May 2024, mainly boosted by metal ores and minerals. Imports of goods to Australia grew by 3.9% month-over-month to AUD 38.21 billion in May 2024. It was a reversal from a marginally revised 7.0% plunge in the previous month, with purchases rising for all components.  The S&P/ASX 200 Index jump 1.2% to around 7,835.6 on Thursday, extending gains from the previous session ETFs: , , . More on Australia  RBA minutes show if \"inflation expectations\" change, it is ready to raise rates Australia’s monthly inflation rate accelerates to 4.0% in May, highest in six months Australia's May Judo Bank PMIs decline as output growth slows Australia leaves cash rate unchange","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4582":"ESG ETF-MSCI","EWA":"澳大利亚ETF-iShares MSCI","FXA":"澳元ETF-CurrencyShares","FLAU":"Franklin FTSE Australia ETF"},"translate_title":"由于进口增长快于出口，澳大利亚5月份贸易顺差低于预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EWA":1,"FLAU":1,"FXA":1},"content_text":"Australia's trade surplus on goods narrowed to AUD 5.77 billion in May 2024 from a downwardly revised AUD 6.03 billion in the previous month, below market expectations of AUD 6.68 billion, as exports grew less than imports. Exports of goods from Australia grew 2.8% from a month earlier to a three-month high of AUD 43.98 billion in May 2024, mainly boosted by metal ores and minerals. Imports of goods to Australia grew by 3.9% month-over-month to AUD 38.21 billion in May 2024. It was a reversal from a marginally revised 7.0% plunge in the previous month, with purchases rising for all components.  The S&P/ASX 200 Index jump 1.2% to around 7,835.6 on Thursday, extending gains from the previous session ETFs: (EWA), (FXA), (FLAU). More on Australia  RBA minutes show if \"inflation expectations\" change, it is ready to raise rates Australia’s monthly inflation rate accelerates to 4.0% in May, highest in six months Australia's May Judo Bank PMIs decline as output growth slows Australia leaves cash rate unchanged for fifth time at 4.35% Australia reports Q1 GDP growth of 0.1% below estimates","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2448494131"}