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1.Market Observations, 8.Was Sticky

7 Jan 2017 (AFR) – Trade surplus for first time since 2014 as commodities surge

(7 January 2017, AFR, p3, by Geoff Winestock)

‘Australia has recorded its first trade surplus in almost three years in a sign of economic strength that could help avoid a downgrade to the AAA sovereign credit rating.’

‘A surge in iron ore and coal prices pushed Australia’s exports of goods and services $2.3 billion higher in the month of November, generating a surplus of $1.2 billion, much bigger surplus than economists were expecting and the first since March 2014.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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