Australian Q1 Import price index -0.5% q/q (expected 0.4%) & export price index 4.5% q/q (expected 3.5%)

Terms of trade for Australia in the first quarter of 2019 … improving on both legs:

Import price index -0.5% q/q

• expected 0.4%, prior 0.5%
• +5.2% y/y

Export price index 4.5% q/q

• expected 3.5%, prior 4.4%
• y/y export price up 15.3% … good support for Australian exporters

more to come