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    02.07.2015 08:14 Australia’s trade deficit narrows to A$2.75 billion in May

    The Australian Bureau of Statistics released its trade data. Australia's trade deficit narrowed to A$2.75 billion in May from A$4.13 billion in April, missing expectations for a decline to a deficit of A$2.2 billion.


    April's figure was revised down from a deficit of A$3.89 billion.


    Exports rose by 1% in May, while imports dropped by 4%.

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