Jarrod Kerr Exports Quotations

We've been expecting exports to pick up some of the slack of the easing domestic demand and we're not seeing this to date. So clearly there are capacity constraints out there that remain.

The prolonged sluggish performance in exports is unwelcome because exports are another area of the economy that needs to improve, given the slowdown in the domestic economy.

Exports are struggling to get traction. The monthly report highlights the capacity constraints in Australia. We need a lot more capital investment to alleviate the bottlenecks. Exports will continue to take away from GDP in the third quarter.

This is a concern for Australia's growth outlook. We've been depending on better exports to take up some of the slack in the Australian economy as consumer spending cools. So far, that transition hasn't been very smooth.

It's a pretty disappointing number, much below market expectations and our own. Exports were particularly disappointing.