Combination of market graph and market list data
Markets

Australia - Q2 Export Price Index +1.4% (expected +3%) & Import -1% (expected +1.5%)

Export price index up 1% q/q

  • expected +3.0%, prior -4.7%

Import price index down 1%

  • expected +1.5% and prior -3.0%

AUD/USD not doing too much on this data point, but as I noted earlier today its not usually of much immediate impact. Lower than expected export prices is not a positive for the currency, though.

NAB comment on the data saying the combination of higher export prices and lower import prices give a terms of trade boost of 2.7% for the quarter. They add its suggests a leg up for the GDP reading for Q2.

Good work from NAB ... but I would have liked to see a better export price index performance.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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