NZ terms of trade falls 2% in fourth quarter as dairy, meat lead weaker export prices

Mon, 29 Feb 2016

By Jonathan Underhill March 1 (BusinessDesk) - New Zealand's terms of trade declined in the fourth quarter as weaker prices for dairy and meat resulted in export prices falling more than import prices. The merchandise goods terms of trade fell 2 percent in the fourth quarter as export prices declined 5.7 percent and import prices dropped 3.7 percent, Statistics New Zealand said. Seasonally adjusted export volumes fell 2.4 percent and import volumes rose 0.7 percent, while the seasonally adjusted value of exports fell 6.1 percent to $11.4...

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