Sunday 9 February 2014

Positive Economy Trends

Analysts were surprised by a plus $468 million trade surplus in December after forecasting up to minus $300 million deficit. The November trade deficit was also revised to a modest surplus of $83 million. Exports jumped 4 per cent in December and imports rose 2 per cent.

Meanwhile, retail sales were up 0.5% in December which contributed to a 5.4% rise over the year.