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

Business confidence nixes July RBNZ cut
Economy

Business confidence nixes July RBNZ cut

Economists say July is a pause, not the end point.

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025