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Trade deficit widens in July


Australia's trade deficit widened in July, the Australian Bureau of Statistics (ABS) said on Friday.

The balance on goods and services was a deficit of $556 million in July seasonally adjusted, compared with a deficit of $227 million in June.

Economists' forecasts had centred on a deficit of $300 million in July.

During July, exports were down 3.0 per cent, while imports were down 1.0 per cent, the ABS said on Friday.