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Financial News: Australia Export Prices Sink 3.0% In Q3

Australia Export Prices Sink 3.0% In Q3

10/25/2017 - 20:45:00 (RTTNews)

(RTTNews) - Export prices in Australia were down 3.0 percent on quarter in the third quarter of 2017, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for a decline of 4.0 percent following the 5.7 percent drop in the three months prior.

Import prices were down 1.6 percent on quarter, missing slightly forecasts for a decline of 1.5 percent following the 0.1 percent contraction in the second quarter.

On a yearly basis, export prices were up 14.2 percent and import prices dipped 0.4 percent.

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