FX.co ★ Australia’s Export Growth Cools in May as Pace Slips to 6.9%

Australia’s export sector lost some momentum in May 2026, with growth easing to 6.9% on a month-over-month basis, down from 7.2% in April 2026. The latest data, updated on 2 July 2026, indicate that while exports are still expanding, the pace of monthly gains has moderated.

The current 6.9% figure reflects the change from April to May 2026, whereas the previous 7.2% reading captured the increase from March to April 2026. Both measures are calculated on a month-over-month comparison, highlighting a slight deceleration rather than a reversal in trend.

The slowdown suggests that export activity remains robust but is no longer accelerating at the rate seen earlier in the second quarter. Market observers will be watching upcoming releases closely to see whether May’s softer reading marks the start of a broader cooling or merely a brief pause after strong gains.