Trade data for Australia in July 2025
Trade Balance +7310mn, smashing expectations
- expected 4,920mn
- prior 5,365mn
Exports (MoM) +3.3%, well ahed of the previous month
- prior +2
6%
Imports (MoM) -1.3%, which is not encouraging. A strong economy should be sucking in imports.
- prior -3.1%
The Australian Bureau of Statistics have also published the July household spending data, +0.5% m/m
- expected +0.5%, prior +0.5%
- The ABS just should have published ‘same old’, and there’s a productivity gain right there
- spending on services +1.6% m/m and on goods -0.3% y/y
+5.1% y/y, highest since the end of 2023
- expected +5.0%, prior +4.8%
- spending on services +8% y/y and on goods +2.7% y/y
This article was written by Eamonn Sheridan at investinglive.com.
