The Australian Bureau of Statistics (ABS) today released trade data for the month of December, with Australia’s trade deficit deteriorating to $3,535 million from $2,727 million in November (revised down from $2,906 million). The result badly missed analyst’s expectations of a narrowing in the trade deficit to $2.450 million.
Over the December quarter, the trade deficit deteriorated badly to $9,515 million, a $2,041 million downgrade from the September quarter, which represented the seventh consecutive quarterly deficit and one of the worst quarterly results on record:
