HomeBuilder drives big rise in dwelling approvals
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Australia Has A$5 022 Billion Trade Surplus In November
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Australian Exports Feel China Chill
Maritime Activity Reports, Inc.
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Australia s trade surplus narrowed in November as China curbs on coal and farm goods took some steam out of exports, while a rebound in the domestic economy sucked in record goods imports.
Other data out on Thursday showed Australia s property market roaring back to life with approvals to build new houses hitting the highest in two decades.
Figures from the Australian Bureau of Statistics showed the country s trade surplus contracted to A$5 billion ($3.90 billion) in November, from A$6.6 billion the month before.
Overall exports rose 3% in the month, mainly due to a sharp jump in gold shipments, but goods exports just to China dropped almost 10% to a four-month low.