Australia swings to trade deficit in January

SYDNEY (MarketWatch)
Australia posted a seasonally-adjusted trade deficit of 673 million Australian dollars ($717.2 million) in January, the Australian Bureau of Statistics said Friday
Economists had been expecting a surplus of A$1.5 billion, according to data compiled by Dow Jones Newswires
In December, the country recorded a trade surplus of A$1.15 billion
Exports fell 8% to A$25.4 billion in January, while imports declined 1% to A$26.0 billion, the ABS figures out Friday showed