Australian imports fall 2.5%, worsening from prior 0.2% decline
AI Summary
Australian imports declined 2.5% in the latest period.
2.5% marked a sharper fall than the prior 0.2% decrease.
Domestic demand in Australia was described as cooling.
Australian imports fell 2.5% in the latest period, compared with a 0.2% decline previously. The sharper contraction signals weakening domestic demand in Australia.
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