Within today’s data dump of balance of payments data that feeds into tomorrow’s June quarter national accounts release was the important news that Australia’s terms-of-trade has finally risen, increasing by 2.4% in seasonally adjusted terms over the quarter although it fell by 0.5% in trends terms:
Over the year, the terms-of-trade fell by 5.4% in seasonally adjusted terms and by 7.7% in trend terms.
