Australia’s trade surplus below forecasts in May as imports grow faster than exports

Imports of goods to Australia grew by 3.9% month-over-month to AUD 38.21 billion in May 2024. It was a reversal from a marginally revised 7.0% plunge in the previous month, with purchases rising for all components.

The S&P/ASX 200 Index jump 1.2% to around 7,835.6 on Thursday, extending gains from the previous session

ETFs: (EWA), (FXA), (FLAU).

More on Australia