FX.co ★ Australia Has A$15.965 Billion Trade Surplus In May

Australia posted a merchandise trade surplus of A$15.965 billion in May, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for a surplus of A$10.725 billion and was up from the upwardly revised A$13.248 billion surplus in April (originally A$10.495 billion).

Exports rose 9.5 percent on month after adding 1.0 percent in April, while imports added 5.8 percent after sinking 1.0 percent in the previous month.