Australia's June Trade Surplus Narrows More Than Expected

The video discusses Australia's trade surplus for June, which was lower than expected at 856 million Australian dollars, compared to the anticipated 1.8 billion. Imports rose by 2% while exports fell by 1%. The period coincided with low iron ore prices and a strengthening Australian dollar. The video concludes with a recap of these economic indicators and their implications.

What was the actual trade surplus for June compared to the expected amount?

• 1.2 billion Australian dollars

• 2.47 billion Australian dollars

• 856 million Australian dollars

• 1.8 billion Australian dollars

By what percentage did imports change from the previous month?

• 2% decrease

• 1% decrease

• 2% increase

• 1% increase

What was the lowest price for iron ore during June?

• $65 per ton

• $50 per ton

• $60 per ton

• $55 per ton

How did the Australian dollar react to the trade data release?

• It slipped slightly

• It remained stable

• It strengthened significantly

• It weakened significantly

What was the main reason for the trade surplus miss in June?

• Higher than expected imports

• Lower than expected exports

• Strong Australian dollar

• Weak iron ore prices