Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Must-read, must-follow, one of the finest property analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for in-depth analysis' - David Scutt, Business Insider.

"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts, the most comprehensive analyst I follow in Australia...follow Pete Wargent' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

'Superlative work' - Grant Williams, founder RealVision.

Friday, 29 April 2016

Export prices at 10 year low

Australia's terms of trade were clonked again in the first quarter of 2016 it seems. 

The ABS International Trade Price Indexes figures for the March quarter showed that export prices fell by -4.7 per cent in the first quarter to be down by -13.8 per cent over the year and to sit at a 10 year low.

This quarterly fall was driven by falls in the prices received for metalliferous ores & metal scrap (-5.3 per cent), coal, coke & briquettes (-8.1 per cent), natural & manufactured gas (-11.6 per cent), and petroleum and its related materials and products (-15.8 per cent).

On the flip side, import prices were also down by 3 per cent, with petroleum a key driver here too.

Overall, though, it looks like another clonk to the terms of trade when the National Accounts are released in due course.