Australia's May Trade Balance Swings to A$3.02 Billion Deficit, Missing Forecast

Australia's merchandise and services trade balance posted a deficit of A$3.018 billion in May, sharply missing economist forecasts of a A$22 billion surplus, according to official trade data. This marks a significant reversal from April's surplus of A$1.791 billion, indicating a deterioration in the nation's external trade position.
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