Downer
ea
HomeMining Industry News Export price jump, outlook for Australia

Export price jump, outlook for Australia

Monday 9th of January 2017 10:34:51 AM



For the first time in almost 3 years Australia’s trade balance has returned to surplus with the Bureau of Statistics figures showing a trade surplus of $1.24 billion for November.

That is up from a $1.1 billion trade deficit in October and marks the first monthly surplus since March 2014.

Paul Dales, Capital Economics' chief economist said the surplus has been driven by the recent rapid rise in prices for iron ore and coal.

"When prices for exports rise, the value of those exports rise and that improves the trade position," he explained.

"So it really is just a sign that higher commodity prices are starting to filter through into higher national incomes."



Read Full Story Here

Recent Related News

Y Fronts teaser banneriComplii MiningLink prefered resume writers Civil Link Banner
Electricians EOI Mining Project
EOI from suitable Mining/Construction experienced Electricians for Project starting mid-late August 2017

Diesel Fitters Auto Electricians Fifo Out Of Townsville
Downunder Group Solutions are seeking qualified Diesel Fitters & Auto Electricians to fill a number of positions at Cloncurry

EOI Boilermakers In Townsville Needed For Mackay
If you are a trade qualified Boilermaker, happy to travel to Mackay and are demanding an excellent pay rate, express your interest by applying.

Eoi Boilermakers In Mackay
If you are a trade qualified Boilermaker living in Mackay and are after excellent pay rates, express your interest by applying.

Csa Mine Underground Cable Bolter
Seeking experienced cablebolter for CSA Mine in Cobar - 7/7 roster - camp accommodation

Black Thoated Finch Puts New Coal Mine At Risk
The controversial black throated finch is back to cause problems for Adani with a fresh legal challenge over the planned Carmichael coalmine. New advice has found the federal environment ....

Monadelphous Awarded $55M In Contracts
Monadelphous Group Limited announced on Wednesday it has been awarded a number of new work packages with a combined value of approximately $55 million. The engineering company will carry out ....

Speculation Around Rio Tinto Selling Qld Assets
There is speculation rising over a possible sale of Rio Tinto's aluminium assets in Gladstone, including Queensland Alumina Limited, Boyne Smelter Limited and Rio Tinto Yarwun. According to The ....

Capricorn Copper Secures $45M Funding For Qld Mine
Capricorn Copper Pty Ltd has signed an Agreement with BNP Paribas for A$45 million to restart its mine in Northwest Queensland. The funding will go towards the refurbishment and restart project of ....

Census Reveals Population Change In Qld Mining Communities
Mining communities across the Bowen Basin in Queensland have seen a decrease in population in the past five years. While Moranbah, Dysart and Clermont has only seen a marginal drop, Hail Creek and ....

Downer Group