13.12.2011 - Commodity price fall hurts trade
Falling commodity prices and growing demand for imports saw Australia's trade surplus narrow in October. The trade surplus narrowed to $1.595 billion in October compared to $2.249 billion for the previous month, figures released by the Australian Bureau of Statistics on Monday showed. The October figure was below economists' predictions of a $2 billion surplus. Nomura chief economist Stephen Roberts said the weaker than expected result reflected a drop in commodity prices...............................................Full Article: Source
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