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Further improvement in trade position

AAP logoAAP 2/11/2016

Australia's international trade position is expected to have improved further in September, buoyed by the recent surge in commodity prices.

Economists expect figures on Thursday will show the monthly trade balance of goods and services will narrow to $1.7 billion in September compared with just over $2 billion in August.

It would be less than half of the record deficit of $4.1 billion posted last December.

Recent figures show exports prices grew at their fastest pace in three years during the September quarter, lifting the terms of trade and improving revenue prospects for the federal budget.

The monthly trade balance has been in deficit since December 2011, bar four months between December 2013 and March 2014.

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