Australia posted a seasonally adjusted merchandise trade deficit of A$1.256 billion in February, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for a shortfall of A$1.30 billion following the A$980 million deficit in January.

Exports were up 1.0 percent on month to A$27.874 billion.

Rural goods rose A$390 million (11 percent) and non-monetary gold rose A$98 million (8 percent).

Non-rural goods fell A$218 million (1 percent) and net exports of goods under merchanting remained steady at A$34 million. Services credits rose A$11 million.

Imports added 2.0 percent to A$29.129 billion. Intermediate and other merchandise goods rose A$284 million (3 percent), consumption goods rose A$192 million (3 percent) and non-monetary gold rose A$96 million (36 percent).

Capital goods fell A$116 million (2 percent). Services debits rose A$78 million (1 percent).

The material has been provided by InstaForex Company –