Australia’s terms-of-trade to fall further

Thursday 29 January 2015

The Australian Bureau of Statistics (ABS) released export and import prices for the December quarter, which portends a smaller than expected fall in Australia’s terms-of-trade when the national accounts are released in early March.

According to the ABS, export prices were dead flat in the December quarter but were down by 9.1% over the year. By contrast, import prices rose by 0.9% over the December quarter and by 0.3% 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.