3 Dec 2010

Rise in Australian trade surplus

8:41 am on 3 December 2010

Australia's trade surplus rose to $A2.63 billion in October, seasonally adjusted, due to a slump of 2.5% in imports.

The ABC reports it is the seventh consecutive month that a surplus has been recorded. September's surplus was $A1.81 billion.

Exports were up 1% in October, with the gain entirely due to an 8% rise in rural exports. Other exports slipped 1.5% due to lower prices.