Import, export prices signal small terms-of-trade lift

Thursday 1 November 2018

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

According to the ABS, export prices rose by 3.7% over the September quarter and were up by 14.0% over the year, whereas import prices rose by 1.9% over the quarter and were up by 9.8% 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.