Q3 export prices hit

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No surprise of course but Q3 export prices from the ABS have taken a dive on the bulks:

-6.4 was bank on consensus while import price were lower than thought at at -2.4.

Here are the charts:

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An obvious downtrend in place. For import prices it’s sideways to down:

Here are the components, for imports:

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And exports:

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.