Australia's trade deficit widens to A$2.09B ($2.2B) in October from a revised A$1.42B in...

|By:, SA News Editor

Australia's trade deficit widens to A$2.09B ($2.2B) in October from a revised A$1.42B in September and vs consensus of A$2.2B. Exports little changed at A$24.4B, imports +3% to A$26.5B as capital goods climb 13%. "The resources boom still requires large amounts of machinery and equipment...and will keep Australia's demand for imports elevated," says JPMorgan economist Stephen Walters. (PR)