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1.Market Observations, 8.Was Sticky

7 Aug 2019 (AFR) – ‘Super massive’ record trade surplus

(7 August 2019, AFR, p1, John Kehoe, Senior Writer)

Australia's trade balance (NAB, AFR)

Australia’s trade balance (NAB, AFR)

‘Australia’s monthly trade surplus has smashed its previous record to hit $8.04 billion, putting a current account surplus within reach for the first time since 1975. China’s insatiable appetite for mining commodities underpinned the trade surplus in June, with strong iron ore prices and export volumes helping beat the earlier $6.2 billion surplus record set in May.’

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

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