NZ terms of trade fall 1.9% in 4th qtr, on falling prices for dairy exports

Sun, 01 Mar 2015

March 2 (BusinessDesk) - New Zealand's terms of trade fell for a second straight quarter in the final three months of 2014, as prices and volumes of dairy exports declined, while import prices rose. The merchandise terms of trade declined 1.9 percent in the fourth quarter as prices of exported goods fell 1.8 percent, seasonally adjusted, and import prices gained 0.2 percent, according to Statistics New Zealand. The terms of trade, which measures the volume of imports that can be funded by a fixed volume of exports, has declined from a four-d...

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