Import, export prices signals small terms-of-trade bounce

Thursday 1 February 2018

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

According to the ABS, export prices rose by 2.8% over the December quarter and were up by 2.4% over the year, whereas import prices rose by 2.0% over the quarter and were up by 1.4% over the year:

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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.