March-qtr terms of trade ease

Tue, 02 Jun 2020

The purchasing power of New Zealand’s exports relative to imports eased 0.7 percent in the March quarter versus the December quarter. Export prices fell 0.2 percent and import prices lifted 0.5 percent. Export volumes for goods, meanwhile, lifted 1.8 percent while import volumes fell 3.9 percent. The export price data showed a quicker than expected impact of covid-19 with a 7.5 percent quarterly fall in meat export prices, said ASB Bank. Import prices lifted 0.5 percent, on higher oil prices and a weaker New Zealand dollar. ...

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