Australia’s exports increased 3.7% month-on-month to AUD 47.43 billion in August, reaching a 29-month high after a revised 3.6% decline in July. The recovery was driven mainly by non-monetary gold and coal, coke and briquette exports. Non-monetary gold shipments climbed 20.2% to AUD 6.43 billion, while non-rural goods exports rose 2.0% to AUD 34.56 billion. Rural exports moved in the opposite direction, falling 1.0% to AUD 6.38 billion as meat and cereal shipments declined.