ONLY CHARTS #120
Aus trade, NZ household saving & debt, Aus resi rents, Global growth, US ISMs
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1. Australia’s goods trade surplus narrowed a little in May to $5.77b from a downwardly revised $6.0b in April (previously +$6.5b).
Nominal imports rose more quickly than exports in May and have fallen by less than exports in the first 2 months of the quarter. The quarter-to-date declines are likely to at least partly reflect lower prices because the A$ TWI rose nearly 2% in Q2.
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