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Australia Economy: 
Australia Exports Rise 3.5% in Q1
Author: 123jump.com Staff
123jump.com
Last Update: 8:41 AM EDT April 18 2008


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The Export Price Index increased by 3.5% in the March quarter 2008, the first quarterly increase since June quarter 2007. The increase this quarter was mainly driven by rises in prices received for gold, non-monetary +15.9%, cereals and cereal preparations +26.9%, meat and meat preparations +12.6% and gas, natural and manufactured +8.1%.

 
The following is an unedited transcript of the news release from the Australian Bureau of Statistics.


IMPORT PRICE INDEX

The Import Price Index increased by 2.7% in the March quarter 2008, following a 0.2% increase in the December quarter 2007. The increase this quarter was mainly driven by rises in prices paid for petroleum, petroleum products and related materials (+11.0%) and gold, non-monetary (+15.9%). These rises were partly offset by falls in prices paid for machinery specialised for particular industries (-3.3%). Through the year to March quarter 2008, the Import Price Index increased by 2.2%.

EXPORT PRICE INDEX

The Export Price Index increased by 3.5% in the March quarter 2008, the first quarterly increase since June quarter 2007. The increase this quarter was mainly driven by rises in prices received for gold, non-monetary (+15.9%), cereals and cereal preparations (+26.9%), meat and meat preparations (+12.6%) and gas, natural and manufactured (+8.1%). These increases were partly offset by falls in prices received for non-ferrous metals (-3.8%) and metalliferous ores and metal scrap (-1.3%). Through the year to March quarter 2008, the Export Price Index increased by 0.1%.


Available at:

http://www.abs.gov.au/AUSSTATS/abs@.nsf/ProductsbyCatalogue/2B39AF3FD0099F0DCA256A8E0083907A?OpenDocument
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