RBA commodity price index logs largest annual decline since September 2012: The index slid 1.8% in November, the 11th consecutive month that a fall has been...

David Scutt

Scutt Partners

RBA commodity price index logs largest annual decline since September 2012: The index slid 1.8% in November, the 11th consecutive month that a fall has been recorded, with the annual decline accelerating to 18.6%, the largest seen since September 2012. Bulks are off 33.5%, the steepest fall since December 2009, with non-rural commodities sliding 21.6%. Despite the bearish headlines that tend to tar all commodities with the same brush, rural commodities and base metals are both higher, rising 0.9% and 12.1% respectively. Still, given bulks and non-rural commodities make up 83.3% of the index, this is little consolation in the greater scheme of things. (VIEW LINK) (VIEW LINK)


David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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