Australia Reports Narrower Trade Surplus Than Previous Month
In July 2026, Australia recorded a trade surplus of AUD 1.93 billion, down from an upwardly revised surplus of AUD 2.34 billion in June but significantly higher than the expected deficit of AUD 1.40 billion. The decline was driven by a 3.3% month-on-month drop in exports to AUD 46.26 billion, reversing gains seen in June. The trade data came alongside an August Services PMI report, though specific details on that indicator were not provided in the text. Despite the narrower surplus compared to June, the result exceeded market expectations and may provide some support for economic confidence ahead of further policy decisions.
Topics: economic data exports trade surplus