Import, export prices signal another terms-of-trade hit

Thursday 28 April 2016

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

According to the ABS, export prices fell by 4.7% over the March quarter and were down by 13.8% over the year. This was only partly offset by a 3.0% fall in import prices over the quarter and a 0.5% fall over the year (see below table).

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.