Original article by Peter Ker
The Australian Financial Review – Page: 4 : 9-Jan-17
The office of the chief economist, Mark Cully, has released a report which forecasts that Australia’s mining and energy exports will reach a record $A203.9bn in 2016-17. This compares with just $A157.1bn in the previous financial year. The prices of key commodities such as iron ore and coal have rallied since a previous report had forecast that the value of mining and energy exports would total $A163.4bn in 2016-17. However, Cully expects the average price of both commodities to fall in 2017.
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE. OFFICE OF THE CHIEF ECONOMIST, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN BUREAU OF STATISTICS