Technical Analysis

Australia data, Sept: Exports +7% m/m (prior +2.6%) & Imports +0% m/m (prior +4.5%)

Australian trade balance data for September 2022

Comes in at A$12.444bn

  • expected A$8.85bn
  • prior A$8.324B\bn

Exports +7% m/m for a big beat, & ahead of the August result

Imports flat at +0% m/m, well down from August … falling imports is often a sign of diminishing domestic demand

more to come

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