Australian third quarter terms of trade related data

Export price index +3.5% q/q, big beat

  • expected 2.0%, prior 1.4%

Import price index -1.0% q/q, and lower than expected

  • expected -0.8%, prior -1.0%

Improvement in Australia's terms of trade isn't a surprise with the rebound in the price of rocks commodities. Still, this result is better than expected, the September quarter having the biggest terms of trade gain in 5 years.