Home Uncategorized Australia trade surplus hits record in July as resources boom

Australia trade surplus hits record in July as resources boom

Australia’s trade surplus widened to a record in July as exports of iron ore, coal and liquefied natural gas all rose strongly, a surprisingly upbeat result that bodes well for mining profits and tax receipts. Figures from the Australian Bureau of Statistics out on Thursday showed the trade surplus climbed to A$12.1 billion ($8.91 billion) …

The post Australia trade surplus hits record in July as resources boom first appeared on Hellenic Shipping News Worldwide. Source

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