The Australian Bureau of Statistics (ABS) has released export and import prices for the September quarter, which portends another fall in Australia’s terms-of-trade when the national accounts are released in early December.
According to the ABS, export prices fell by 3.0% over the September quarter but were up by 14.2% over the year, whereas import prices fell by 1.6% over the quarter and were down by 0.4% over the year:
