Monexnews-Australia Trade Data for January showed a record trade deficit of 1,057 billion Australia dollars (or the equivalent of $ 1.09), as reported by the Central Bureau of statistics Australia Thursday.
The export level fell as much as 1% while imports climbed 1% rate, according to the ABS, Central Bureau of statistics. Economists predict a deficit of A $ 500 million, according to data collected by Dow Jones Newswire.
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