Country Report Australia October 1996 Main report

Sectoral trends: Herd rebuilding pulls down agricultural output

The real value of farm, forestry and fishing production dropped by 3.8% (seasonally adjusted) during the second quarter. The decline occurred as farmers moved to increase their herds; there was a 5% fall in the level of livestock slaughtering during the quarter and an increase in seed and fodder inputs. Rural exports fell by 4.1% (balance-of-payments basis, current prices, seasonally adjusted). Agricultural output rose by 22.1% during 1995/96 as a whole, as drought conditions abated.

© 1996 The Economist lntelligence Unit Ltd. All rights reserved
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information
IMPRINT