Australia Trade Surplus Widens Sharply as Building Approvals Rebound

Australia released mixed economic data for June, with building approvals rebounding strongly while the trade balance returned to a larger-than-expected surplus.

Building Approvals (MoM, Jun)

Actual: 7.2%
Forecast: 7.2%
Previous: -1.6%

Trade Balance (Jun)

Actual: A$1.929 billion
Forecast: -A$1.050 billion
Previous: -A$2.367 billion