NZ terms of trade rise for first time in 7 quarters on dairy exports, drop in import prices

Thu, 30 May 2013

May 31 (BusinessDesk) – New Zealand’s terms of trade rose for the first time in seven quarters, led by higher export prices for dairy products while a strong kiwi dollar helped constrain import prices. The terms of trade, a measure how much imports can be funded with a fixed amount of exports, rose 4.1 percent in the first quarter from three months earlier, according to Statistics New Zealand. Growth was more than twice as strong as the 0.9 percent rate forecast in a Reuters survey. Export prices for goods gained 1.9 percent while import pri...

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