A combination of the higher Australian dollar and lower contracted prices for coal and iron ore have produced a small downward revision in estimates for Australian commodity exports.
Commodity exports
ABARE tips huge growth in export earnings
The RBA is fearful that a strong rise expected later this year in our terms of trade, will delivery another inflationary surge of cash into the economy, writes Glenn Dyer.
Saul Eslake: Economic oblivion still a way off
Eight days of hardship on the ASX, two major banks taking billion dollar losses — is Australia still looking strong enough to withstand an economic slowdown in the US? ANZ Chief Economist Saul Eslake answers Crikey’s questions.
Remember the export boom? It’s over
More unwelcome news for the Australian economy: the boom in exports is now forecast to be well and truly over, thanks to the growing uncertainty in foreign economies, the high value of the Australian dollar and the lingering impact of the drought.
ABARE outlooks fuels commodities illusion
For the sake of the currently highly charged Australian stock market, BHP Billiton had better reveal a big upgrade in its mineral resources in its annual report tomorrow. If it doesn’t, there’s not much to support the market except an illusion built on higher commodity prices, which in turn are being driven by the weakening US dollar.
