Import, export prices signal terms-of-trade hit

Thursday 29 October 2015

The Australian Bureau of Statistics (ABS) has released export and import prices for the September quarter, which portends yet another fall in Australia’s terms-of-trade when the national accounts are released in early December.

According to the ABS, export prices were dead flat in the September quarter and were down by 5.2% over the year. However, import prices rose by 1.4% over the September quarter and by 3.5% 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.