| From The Age: Australia posted its highest trade surplus in more than 11 years in August, as coal exports rose and imports fell. The trade surplus was $1.36 billion compared with a revised deficit of $697 million in July, the Bureau of Statistics said.
The median estimate of 22 economists surveyed by Bloomberg News was for a $200 million surplus. The surplus is the highest since the $1.54 billion recorded in June 1997. The second trade surplus this year supports the central bank's assessment that exports will help offset falling household spending, which prompted Governor Glenn Stevens to cut borrowing costs last month for the first time in seven years...... Full Article: Source
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