Market Report, "Australia Freight Transport Report Q4 2014", Published
The Australian economy grew by 1.1% quarter-on-quarter (q-o-q) after seasonal adjustments in Q114, reaccelerating from a pace of 0.8% recorded in Q413. Strong export growth was further accentuated by a contraction in imports, which saw the goods and services balance move into the black in Q114 for the first time in nine quarters. Given that latest data from the Chinese customs authorities for April showing another surge in iron ore imports (which are primarily from Australia) to 24.2% year-on-year (y-o-y),...
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