Australian Trade Balance Grew More than Expected

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Australian Trade Balance Grew More than Expected
Australian Trade Balance Grew More than Expected

The trade balance in Australia grew more than anticipated last month, shown in data reports released on Thursday. The Australian Bureau of Statistics made it clear that the trade balance in Australia climbed to 0.318 from a low -0.118 earlier in the month, which before stood at -0.188.

Compared to flat expectations, the trade balance in Australia for March settled at AUD+307 million. In exports, a 1% rise was seen, which remained at 3% last February. Imports saw -1%, remaining same like last February.

In the meantime, the house prices in Australia gained slightly by 0.1%, in the first quarter. While speculations were around +2.0%, remaining same for the third quarter of 2013.

Analysts believed that the trade balance in Australia would rise to 0.208 last month.

Meanwhile, a less than anticipated rise was shown in the official house price index in Australia, seen in data released this Thursday.
The Australian Bureau of Statistics remarked that the house price index in Australia rose to 0.10% from 2.00% in the foregoing quarter, before which it stood at 1.60%.

Analysts however speculated the HPI in Australia to go up by 2.00% in the preceding quarter.

In the Philippines, the price inflation for consumers remained unchanged, contradictorily in the previous quarter, shown in reports released this Thursday.

The CPI in Philippines remained as it is at a seasonally adjusted yearly rate of 0.0%, which was 0.1% in the last quarter.

Analysts however speculated a 0.2% increase for CPI in Philippines in the previous quarter.
In New Zealand, an unexpected slip in the labor cost index was noted, as per the data reports released on Thursday, for the last quarter.
The labor cost index in NZ fell to 0.4%, which was 0.5% in the last quarter. Analysts however anticipated that this value would remain unchanged at 0.5% in the preceding quarter.
The Ivey purchasing Managers Index in Canada rose at a slower rate than speculated, in April. The index slipped to 52.2 in April, which stood at 61.6 in March. Analysts said that the index would fall to 58.0 last month.
In general, anything above 50.0 shows expansion and below this means contraction.