Australia's trade deficit better than predicted in November
Sydney - XINHUA
Australian Bureau of Statistics figures showed on Tuesday the country's trade deficit in November 2014 was 925 million Australian dollars (753 million U.S. dollars), not the 1.6 billion Australian dollars (1.3 billion U.S. dollars) previously predicted.
A surge in liquefied natural gas (LNG) exports accounted for the better than expected result, the Australian Broadcasting Corporation reported.
But November's deficit was 5 percent higher than October's.
The result saw the Australian dollar continue to climb on Tuesday afternoon, rising from 80.92 U.S. cents on Tuesday morning to 81.35 U.S. cents.
Imports were up 0.7 percent and exports rose 0.6 percent, thanks to LNG exports.
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