Local merchandise imports jump 16%
Thursday, April 19, 2012/
Merchandise imports into Australia rose 16% in March, compared with February, according to the Australian Bureau of Statistics (ABS).
The ABS data showed imports were also up a seasonally-adjusted $2.18 billion for the month, or 11%, to $22 billion.
The result compares to an upwardly revised $19.81 billion in February.
Merchandise imports increased by $2.90 billion to $20.79 billion, led by mineral fuels, lubricants and related materials rising from $3.19 billion in February to $3.92 billion in March.
Chemicals and related product imports rose from $1.85 billion to $2.21 billion, while imports of machinery and transport equipment rose from $6.76 billion in February to $8.62 billion.