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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUSTRALIA DATA
- Exports to China remain solid at a steady growth rate. The data is volatile and the 3-month annual growth rate in April was 22.2%. Exports to Japan weakened considerably and remain soft to Korea and India. But shipments to NZ and Indonesia were the bright spot up 10.2% y/y and 35.5% respectively.
- Commodity exports were weak on both quantity and prices. Iron ore export volumes fell 11.3% m/m in April with the unit values down 2.5%. Volumes were particularly weak to China falling 11.9%. Coking coal quantities fell 0.6% m/m with unit values -29% m/m with weakness seen across most countries. Natural gas export volumes fell 6.2% with unit values down 10%.
Australia merchandise exports to Asia y/y%
Source: MNI - Market News/ABS
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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