Australian IT imports rebound
Out of the doghouse but spending still sluggish
Australia's IT imports rebounded in March, reaching $AUD789m.
February's imports were just $569m, only the fourth time since 2005 that imports started with a 5.
But the March figure is not cause for celebration, because $789m is down on March 2011's $844m. The new figure is also higher than only three months from 2011, but it is better than seven months from 2010.
March also saw a nice bump in imports for “Telecommunications and sound recording and reproducing apparatus and equipment,” with $825m crossing the nation's docks compared to $715m in February. Both figures lag 2011's best months, when imports topped $1bn. ®