NZ export purchasing power tumbles

Wed, 02 Dec 2020

The international purchasing power of New Zealand's export industries fell the most in a decade as milk prices soured and the kiwi dollar pushed higher.The terms of trade – which measures that purchasing power – fell 4.7 percent in the September quarter.Export prices fell 8.3 percent from their record level in June. It was the third-largest fall in export prices since the series began.Import prices dropped a more sedate 3.7 percent.“The New Zealand dollar rebounded from a fall last quarter which has had a downwards influen...

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