NZ terms of trade fall 1.8% in third quarter as meat, dairy export prices, volumes slip

Wed, 30 Nov 2016

By Jonathan Underhill Dec. 1 (BusinessDesk) - New Zealand's terms of trade fell in the third quarter, reflecting a decline in the value, price and volume of exports. Dairy, meat and forestry shipments led the drop. The terms of trade, a measure of the purchasing power of New Zealand's exports, fell 1.8 percent in the third quarter from the second quarter, Statistics New Zealand said. Disruptions caused by earthquake damage to the government statistician's Wellington building meant it wasn't able to provide seasonally adjusted figures as i...

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