Australia’s terms-of-trade pounded

Thursday 30 October 2014

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).

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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.