NZ terms of trade gain 0.8% to record in fourth quarter as meat export prices, volumes rise

By Jonathan Underhill
March 1 (BusinessDesk) - New Zealand's merchandise terms of trade rose to a record in the fourth quarter after export prices outran imports as the value of trade in both directions rose.
The terms of trade, which measure of the purchasing power of New Zealand’s exports relative to imports, increased 0.8 percent in the three months ended Dec. 31 from a revised gain of 1.3 percent in the September quarter. The terms of trade have been rising each quarter since September 2016.
The terms of trade data comes two days a...
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