Australia Q1 terms of trade: Import prices +2.1% q/q (expected +1.2%) & Exports +4.9% (exp +4.1%)

Australian terms of trade indicator - Import and Export Price Indexes for Q1

Import price index +2.1% q/q

• expected +1.2%, prior +2.0%

Export price index +4.9% q/q

• expected +4.1%, prior +2.8%

if these two were on the same vertical scale it'd be easier to see how export price gains are outstripping import price gains and thus a positive for the ToT

The higher prices for exports means better news for the government budget also.

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For background on this, check out the preview here

• Australia terms of trade has bounced, yet still the AUD is trashed. Go figure.