Australia’s balance of trade was a deficit of $925 million in November, according to the Australian Bureau of Statistics’ seasonally adjusted figures.
The result is an increase of $48 million (5%) on the deficit in October 2014.
A Bloomberg survey of economists expected the balance of trade to come in at -$1.6 billion. So the result was less than expected.
In seasonally adjusted terms, goods and services credits rose $160 million (1%) to $27.85 billion. Non-rural goods rose $486 million (3%) and rural goods rose $179 million (6%). Non-monetary gold fell $519 million (38%). Net exports of goods under merchanting remained steady at $43 million. Service credits rose $14 million.
Goods and services debits rose $208 million (1%) to $28.010 billion. Intermediate and other merchandise goods rose $224 million (2%) and consumption goods rose $131 million (2%). Non-monetary gold fell $90 million (27%) and capital goods fell $78 million (1%). Service debits rose $20 million.
Here’s the chart.
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