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

Friday 26 April 2019

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

According to the ABS, export prices rose by 4.5% over the March quarter and were up by 15.3% over the year, whereas import prices fell by 0.5% over the quarter but were up by 5.2% 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.