AU Commodity Prices y/y
It's a leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income;
Commodities account for over half of Australia's export earnings. Source changed series calculation formula as of Nov 2009;
- AU Commodity Prices y/y Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Dec 2, 2024 | -11.8% | -9.3% | |
| Nov 1, 2024 | -7.8% | -10.8% | |
| Oct 1, 2024 | -10.1% | -6.0% | |
| Sep 2, 2024 | -5.2% | -4.2% | |
| Aug 1, 2024 | -3.0% | -3.5% | |
| Jul 1, 2024 | -4.1% | -6.0% | |
| Jun 3, 2024 | -4.2% | -12.1% | |
| May 1, 2024 | -11.6% | -14.9% |
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- AU Commodity Prices y/y News
From rba.gov.au|Dec 2, 2024Preliminary estimates for November indicate that the index increased by 0.6 per cent (on a monthly average basis) in SDR terms, after increasing by 3.2 per cent in October (revised). The non-rural subindex increased in the month, while the rural and base metal subindices both declined. In Australian dollar terms, the index increased by 2.0 per cent in November. Over the past year, the index has decreased by 11.8 per cent in SDR terms, led by lower iron ore and coking coal prices. The index has decreased by 12.6 per cent in Australian ...
From rba.gov.au|Nov 1, 2024Preliminary estimates for October indicate that the index increased by 4.1 per cent (on a monthly average basis) in SDR terms, after decreasing by 3.3 per cent in September (revised). The non-rural, rural, and base metal subindices all increased in the month. In Australian dollar terms, the index increased by 4.0 per cent in October. Over the past year, the index has decreased by 7.8 per cent in SDR terms, led by lower iron ore and coking coal prices. The index has decreased by 11.1 per cent in Australian dollar terms. Consistent ...
From rba.gov.au|Oct 1, 2024Preliminary estimates for September indicate that the index decreased by 1.7 per cent (on a monthly average basis) in SDR terms, after decreasing by 3 per cent in August (revised). The non-rural subindex decreased in the month, while the rural and base metals subindices both increased. In Australian dollar terms, the index decreased by 2.6 per cent in September. Over the past year, the index has decreased by 10.1 per cent in SDR terms, led by lower iron ore and coking coal prices. The index has decreased by 12.8 per cent in ...
From rba.gov.au|Sep 2, 2024Preliminary estimates for August indicate that the index decreased by 2.2 per cent (on a monthly average basis) in SDR terms, after decreasing by 0.5 per cent in July (revised). The rural, non-rural, and base metals subindices all decreased in the month. In Australian dollar terms, the index decreased by 0.8 per cent in August. Over the past year, the index has decreased by 5.2 per cent in SDR terms, led by lower iron ore prices. The index has decreased by 7.1 per cent in Australian dollar terms. Consistent with previous releases, ...
- From rba.gov.au|Aug 1, 2024
Preliminary estimates for July indicate that the index decreased by 0.1 per cent (on a monthly average basis) in SDR terms, after decreasing by 2.1 per cent in June (revised). The rural subindex increased in the month, while non-rural and base metals subindices decreased. In Australian dollar terms, the index decreased by 0.2 per cent in July. Over the past year, the index has decreased by 3.0 per cent in SDR terms, led by lower iron ore and lithium prices. The index has decreased by 3.6 per cent in Australian dollar terms. ...
From rba.gov.au|Jul 1, 2024Preliminary estimates for June indicate that the index decreased by 2.2 per cent (on a monthly average basis) in SDR terms, after increasing by 1.0 per cent in May (revised). The non-rural, rural and base metals subindices all decreased in the month. In Australian dollar terms, the index decreased by 2.8 per cent in June. Over the past year, the index has decreased by 4.1 per cent in SDR terms, led by lower iron ore, thermal coal, and lithium prices. The index has decreased by 4.2 per cent in Australian dollar terms. Consistent with ...
From youtube.com/markets|Jun 11, 2024Australian Treasurer Jim Chalmers says his country is on track for a soft landing as a result of "moderating inflation and a resilient labor market." He also says that the relationship with China can be "complex to manage" but there are "good economic dividends" from engaging with Beijing. Chalmers speaks to Haidi Stroud-Watts on the sidelines of the Morgan Stanley Australia Summit in Sydney.
From rba.gov.au|Jun 3, 2024Preliminary estimates for May indicate that the index increased by 1.2 per cent (on a monthly average basis) in SDR terms, after decreasing by 1.0 per cent in April (revised). The non-rural, rural and base metals subindices all increased in the month. In Australian dollar terms, the index decreased by 0.2 per cent in May. Over the past year, the index has decreased by 4.2 per cent in SDR terms, led by lower thermal coal and coking coal prices. The index has decreased by 5.1 per cent in Australian dollar terms. Consistent with ...
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| Released on Jun 3, 2024 |
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