What is Imports Australia in Forex Trading?

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Imports Australia is an economic indicator which measures the change in number of goods and services imported within current month to previous month. The Australian imports dropped to 4% that is 25th month low due to Corona-virus pandemic. The purchases of intermediate goods dropped to 2%, purchases of consumption goods dropped to 8%, capital goods 28%, ADP equipment’s 34%, capital goods 7%, non-monetary gold drop to 9% and additionally imports of services dropped by 1%.

The data of imports Australia is released on monthly basis at 1:30 GMT by Australian Bureau of Statistics.

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