News
BACKExport Prices Miss Forecast
30/10/2015
Australian export prices have missed expectations in the September quarter, coming in flat against expectations of a 0.6 per cent rise.
Import prices, for the three months through September, rose largely in line with forecasts, increasing 1.4 per cent over the period as the depreciation in the Australian dollar raised costs. Analysts had forecast a 1.5 per cent gain.
Conversely, the weaker currency had an upward impact on the prices received for all of Australia's major exported products, leading to the flat result in export prices.
Export prices are now 5.2 per cent lower year-on-year, as commodity markets continue to fall.
Meanwhile, import prices have risen by 3.5 per cent over the twelve month period.
29/october/2015
Source: http://www.businessspectator.com.au/news/2015/10/29/australian-news/export-prices-miss-forecast
