Rising fuel costs pinch terms of trade

Rising fuel costs pinch terms of trade
More expensive fuel was a key factor driving the turnaround. (Image: Nova)
Ella Somers
New Zealand’s terms of trade slipped in the December quarter in its first decline since September 2020 as the price of imported goods rose at a faster pace than exports.More expensive fuel was a key factor driving the turnaround in the terms of trade (ToT), with the value of imported petroleum and petrol products rising 1.1% from the September quarter, even as the volume shrank 7.2%.This rising trend came before recent disruptions to global energy supplies caused by the Russian invasion of Ukraine, which has pushed prices at the petrol pu...

More Economy

One of South Korea's biggest banks pulls out of NZ
Economy

One of South Korea's biggest banks pulls out of NZ

KB Kookmin is the second overseas bank to exit the NZ retail market in 18 months. 

Govt to consider not taxing NZ Super Fund
Economy

Govt to consider not taxing NZ Super Fund

Foreign investment fund and thin cap rules are also to be reviewed.

BNZ warns of Trump govt headwinds for NZ
Economy

BNZ warns of Trump govt headwinds for NZ

Some sort of protectionism is a given, BNZ says. 

Rebecca Howard 12 Nov 2024
Two-year inflation expectations inch higher
Economy

Two-year inflation expectations inch higher

Respondents still tip a 50bps rate cut this month. 

Rebecca Howard 11 Nov 2024