MW: Australia trade deficit narrows more than expected
By Lisa Twaronite
TOKYO (MarketWatch) -- Australia's trade deficit narrowed in November as imports fell faster than exports, the Australian Bureau of Statistics said Thursday. Seasonally adjusted, the balance on trade in goods and services narrowed to a deficit of 1.70 billion Australian dollars ($1.57 billion) in November from a deficit of 2.08 billion Australian dollars in October. That was below analysts' consensus expectations of a deficit of 1.8 billion Australian dollars, according to Dow Jones Newswires.
