Australia's unexpected trade deficit in July

The Australian bureau of statistics reports on Thursday, July in Australia a surprise trade deficit, deficit was $765 million, the trade surplus in June was revised down to $243 million. Because of falling commodity prices and mining investment, has the rich resources of the Australian economy slowing growth in the past year.

Beijing time morning news on September 5th the Australian bureau of statistics reports on Thursday, July in Australia a surprise trade deficit, deficit was $765 million, the trade surplus in June was revised down to $243 million.

Economists had expected Australia's a $100 million trade surplus in July. The figures are based on seasonal factors are adjusted. Australian exports and flat in June, July, but imports rose 4%.

wholesale lots electronics, Because of falling commodity prices and mining investment, has the rich resources of the Australian economy slowing growth in the past year. To stimulate the development of mining industry outside, Australia's central bank since the end of 2011 have to slash interest rates eight times, but so far have been smaller.