Trade deficit falls 7% on previous month

AUSTRALIA'S trade deficit fell by 7% in September.

Figures, released by the Australian Bureau of Statistics today showed  the balance on goods and services was a deficit of $678m in September, a decrease of $49m on the August deficit.

"In seasonally adjusted terms, the balance on goods and services was a deficit of $284m in September 2013, a decrease of $409m (59%) on the deficit in August 2013," an ABS release stated.

"In seasonally adjusted terms, goods and services credits rose $124m to $27,309m. Non-rural goods rose $206m (1%). Rural goods fell $88m (3%), net exports of goods under merchanting fell $1m (3%) and non-monetary gold fell $1m. Services credits rose $8m."



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