The Australian Bureau of Statistics (ABS) released export and import prices for the September quarter, which portends big falls in Australia’s terms-of-trade when the national accounts are released next month.
According to the ABS, export prices fell by 3.9% in September quarter and by 9.5% over the year. By contrast, import prices fell by a more moderate 0.8% over the September quarter and by 1.1% over the year (see below table).
