AUSTRALIA’S TRADE
(N.Z. Press Assn.—Copyright) CANBERRA, Aug. 3. Australia’s favourable trade balance set a record last year, but businessmen are nevertheless pessimistic about the future. Bureau of Statistics figures give the nation’s trade balance for the year to June as a record $446m, the main stimulus having been a 76 per cent increase in net apparent capital inflow to a record sl3Bom. The favourable balance, arising from record exports ($4221m) and imports ($3775m) was s3sm higher than in 1969-70.. In J 968-69, there was a trade deficit of s2lBm. But a sitfvey '/bf 3<Jo Melbourne and Sydney companies shows that there is pessimism about the and predictions of further price ’ Tiles, cuts in expansion, and . staff dismissals if the present rate of inflation continues.
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Press, Volume CXI, Issue 32676, 4 August 1971, Page 3
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124AUSTRALIA’S TRADE Press, Volume CXI, Issue 32676, 4 August 1971, Page 3
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