AAP – Thu, Jul 5, 2012 2:10 PM NZSTAustralia's trade deficit widened in May, the Australian Bureau of Statistics (ABS) said on Thursday.
The balance on goods and services was a deficit of $285 million in May, seasonally adjusted, compared with a deficit of $26 million in April, revised from $203 million.
Economists' forecasts had centred on a deficit of $500 million in May.
During May, exports were up 2.0 per cent in adjusted terms while imports were up 3.0 per cent, the ABS said on Thursday.
New Zealand is forecasting a budget surplus a year earlier than Australia but Treasurer Wayne Swan says he is "completely …
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