The Australian Bureau of Statistics (ABS) has released export and import prices for the September quarter, which portends another much-needed increase in Australia’s terms-of-trade when the national accounts are released in early December.
According to the ABS, export prices rose by 3.5% over the September quarter and were down by 5.4% over the year, whereas import prices fell by 1.0% over the quarter and by 5.1% over the year (see below table).