Australia March Trade Deficit Narrows

The video discusses the March trade deficit, which was lower than expected at $2.16 billion, compared to the anticipated $2.9 billion. February's deficit was also revised down. The improvement is attributed to a recovery in commodity prices, with significant increases in iron ore, gold, and coal exports. Retail figures also showed a slight increase, contributing to a stronger Aussie dollar.

What was the actual trade deficit for March compared to the expected figure?

• $3 billion compared to $3.4 billion

• $2.9 billion compared to $2.16 billion

• $3.4 billion compared to $3 billion

• $2.16 billion compared to $2.9 billion

Which commodity saw its sales almost double from February to March?

• Gold

• Iron ore

• Coal

• Silver

By what percentage did exports increase, contributing to the improved trade balance?

• 4%

• 3%

• 1%

• 2%

What was the increase in retail figures compared to expectations?

• 0.2%

• 0.3%

• 0.4%

• 0.5%

What effect did the strong economic results have on the Australian dollar?

• It decreased

• It remained stable

• It increased

• It fluctuated