The Australian Bureau of Statistics (ABS) has released export and import prices for the March quarter, which portends another fall in Australia’s terms-of-trade when the national accounts are released in early June.
According to the ABS, export prices fell by 4.7% over the March quarter and were down by 13.8% over the year. This was only partly offset by a 3.0% fall in import prices over the quarter and a 0.5% fall over the year (see below table).
