The Australian Bureau of Statistics announced that imports and exports have increased by 1% and 5% respectively
The Australian Bureau of Statistics announced that the local October seasonally adjusted goods and services exports increased by 5% on a month-to-month basis, which was higher than market expectations and 4% of the previous value, mainly driven by the increase in exports of iron ore, coal and natural gas. Among them, iron ore Total exports rose to 11 billion Australian dollars, a record high. As for imports, it increased by 1% month-on-month, which was lower than the market’s expected increase of 4%, but it reversed the previous decline of 6%. Benefited from the strong export, the trade surplus in October rose to 7.456 billion, which was higher than market expectations and previous values of 5.8 billion and 5.63 billion, respectively.
The number of first-time jobless claims in the United States drops by 66,000
The number of people claiming unemployment benefits for the first time in the United States unexpectedly dropped to 712,000 last week, the first time in three weeks. It was also far below market expectations of 775 thousand, a decrease of 66,000 from the previous value. Next hope. During the period, the number of continuous claims decreased by 551,000 to 5.52 million, which was also lower than market expectations of 5.8 million, indicating that more Americans are either looking for work, or the 6-month claim period has expired.
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