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Imports of consumption goods fell 10%, while imports of intermediate and other merchandise goods fell 9%. The sharp improvement in Australia's trade balance over recent months has prompted some economists to forecast a return to current account surpluses in coming quarters, the first since the mid-1970s. A current account surplus would likely support GDP growth, while lifting the Australian dollar, economists said. Still, the fall in consumer imports suggests softening demand across the economy and follows weaker retail sales for February and a recent rise in unemployment. The price of iron ore, Australia's top export, continued to rise in February, extending home loan for doctor Oak Laurel www.oaklaurel.com.au 0430129662 a yearlong recovery from a more-than decade low. Demand from Chinese steelmakers was strong, with China's monthly imports of the raw material up doctor home loan calculator Oak Laurel 0430129662 13% on-year, while growth in global mine supplies slowed. On Feb. 21, the price hit a two-and-a-half year high of US$94.50 a metric ton, up 19% on the start of the year. That was, however, navigate to these guys Haematologist mortgage somewhat offset by a weakening in the price of coal, another top export for Australia. The price of coking coal shipped from Australia--the world's top supplier of the steelmaking fuel--slipped to its lowest since September after China reversed restrictions on its own coal-mining industry, damping fears of a supply shortage.