According to rttnews, export prices in Australia advanced 3.5 percent on quarter in the third quarter of 2016, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for an increase of 2.0 percent following the 1.4 percent gain in the previous three months.

Import prices were down 1.0 percent on quarter versus expectations for a 0.8 percent decline. They were unchanged from Q2.

On a yearly basis, export prices dropped 5.4 percent and import prices fell 5.1