NZ terms of trade rise 1.5% in first quarter as imported petrol prices slump

Mon, 01 Jun 2015

By Jonathan Underhill June 2 (BusinessDesk) - New Zealand's terms of trade rose in the first three months of the year, snapping two quarters of decline, as a slump in the price of imported petrol offset weaker prices for dairy exports. The terms of trade rose 1.5 percent in the first quarter, according to Statistics New Zealand. That lagged behind the 1.7 percent gain projected in a Reuters survey. The nation's terms of trade, which measures the quantity of imports the country can buy with a set amount of exports, reached a 40-year hig...

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