Terms of trade show broad picture of strength

Wed, 02 Sep 2020

The June-quarter terms of trade, which measures the purchasing power of New Zealand's exports relative to imports, rose 2.5 percent from the preceding three months, with export prices up 2.4 percent and import prices down 0.1 percent.“Notably, NZ’s food export prices are holding up despite covid’s impact on the global economy. Meanwhile, on the import side NZ is benefitting from low global inflation, including lower oil prices,” said Westpac Bank senior agri economist Nathan Penny.“Looking over the remainder of...

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