The FINANCIAL — Australia posted a seasonally adjusted trade deficit of A$3.31 billion in October, compared with a deficit of A$2.40 billion in September, the Australian Bureau of Statistics said on December 3, according to Nasdaq.
The figure was wider than analyst expectations for a deficit of A$2.60 billion. The value of imports was unchanged, while the value of exports dropped by 3%.
The biggest contributors to the widening deficit was a 4% fall in farm exports and a 3% drop in exports of nonrural goods. Exports of metal ores and minerals fell by 6% over the month.
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