Australia had a seasonally adjusted merchandise trade deficit of A$628 million in November, the Australian Bureau of Statistics said on Friday.
That was well shy of forecasts for a surplus of A$550 million following the downwardly revised (302 million shortfall in October (originally a surplus of A$105 million).
Imports were up A$467 million or 1.0 percent on month to A$32.481 billion in November.
Consumption goods rose A$213 million (3 percent), while capital goods rose A$190 million (3 percent) and intermediate and other merchandise goods rose A$81 million (1 percent).
Non-monetary gold fell A$100 million (25 percent) and services debits rose A$83 million (1 percent).
Exports were roughly flat at A$31.853 billion, up A$141 million from a month earlier.
Non-rural goods rose A$394 million (2 percent) and rural goods rose A$25 million (1 percent), while non-monetary gold fell A$425 million (23 percent).
Net exports of goods under merchanting remained steady at A$53 million. Services credits rose A$147 million (2 percent).
The material has been provided by InstaForex Company – www.instaforex.com
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