This post was originally published on Michael West.
Booming car imports put the brakes on trade surplus
A jump in new car imports as supply chains are restored from their pandemic doldrums has led to a narrowing in Australia’s trade surplus. Data released by the Australian Bureau of Statistics on Tuesday showed the trade surplus fell to a small-than-expected $11.6 billion in January from an upwardly revised $13 billion in December. Exports grew […]