NZ terms of trade rise 1.5% in second quarter as dairy, meat export prices gain

Thu, 31 Aug 2017

By Jonathan Underhill Sept. 1 (BusinessDesk) - New Zealand's terms of trade rose less than expected in the second quarter with dairy and meat leading export price gains, outpacing an increase in import prices. The terms of trade rose 1.5 percent in the second quarter from three months earlier, Statistics New Zealand said. Exports prices rose 2.4 percent and import prices rose 0.9 percent. The gain in the terms of trade undershot the forecast for a 3 percent gain in a Reuters survey while the first-quarter increase was revised down to 3.9...

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