NewsHK
The external-accounts picture in the Asia-Pacific brightened in the latest data cycle.
Australia's trade surplus exceeded market forecasts, and the country's services Purchasing Managers' Index for August remained in expansion territory, offering two separate signals from an economy that sits at the intersection of Asian commodity demand and developed-market services consumption.
What the surplus signals A trade surplus beating expectations carries weight in an environment where cross-border goods flows have been uneven.
The result suggests export receipts held up more firmly than the market had anticipated, a positive reading for the external balance.
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