Westpac analyst Andrew Hanlan says Australia's trade surplus increased by $ 8 bn in June.
"Exports have increased while imports have fallen sharply," he says. Exports have risen by 1.4%, slightly above our expectations of 0.8%.
“In addition, it made a major surge in imports, down 3.6% or 1.3 bn “.
"This reflects a slowdown in trading volume this month against weak domestic demand."
”In the second quarter, the trade surplus increased by $ 19.7 bn, a $5.2bn improvement on the March quarter.”