The Australian Bureau of Statistics (ABS) has released export and import prices for the March quarter, which portends a small lift in Australia’s terms-of-trade when the national accounts are released in early June.
According to the ABS, export prices rose by 4.9% over the March quarter but were down by 1.4% over the year, whereas import prices rose by 2.1% over the quarter and were up by 2.3% over the year: