Economic Buzz: Australia trade surplus increases in September

Australia's trade surplus increased notably in September as exports growth exceeded the increase in imports, data from the Australian Bureau of Statistics showed on Thursday.

The trade surplus increased to A$3.94 billion, as expected, from A$1.11 billion in August. In the same period last year, the surplus totalled A$4.03 billion.

Exports grew 7.9 percent from the previous month to A$44.58 billion driven by non-monetary gold. At the same time, imports climbed 1.1 percent to A$40.64 billion driven by capital goods.

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