Australia’s terms-of-trade rises in Q1

Advertisement

By Leith van Onselen

Within today’s dump of balance of payments data that feeds into tomorrow’s March quarter national accounts release was the important news that Australia’s terms-of-trade has risen by 3.3% in seasonally adjusted terms and by 1.6% in trends terms:

Over the year, the terms-of-trade fell by 2.6% in seasonally adjusted terms and by 0.7% in trend terms.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
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.