You are viewing:-
you're reading...
1.Market Observations, 2.Economic forecasts, 8.Was Sticky

8 June 2018 (AFR) – Narrower trade surplus sustains optimism around growth

(8 June 2018, AFR, p29, by Vesna Poljak)

‘The robust health of the external sector has been underscored by a 16th trade surplus in 18 months, picking up where better-than-expected first-quarter growth left off. Australia’s economy recorded a $977 million surplus in April, close to the $1 billion result the market was looking for. The trade report also shows an upwardly revised surplus for March of $1.7 billion from $1.5 billion. On Wednesday, the national accounts revealed that GDP accelerated the most in seven quarters, rising 1 per cent in the March quarter for an annual growth rate of 3.1 per cent.’

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

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

Advertisements
%d bloggers like this: