Import, export prices signal terms-of-trade bounce

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By Leith van Onselen

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).

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.