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: