NZ first quarter terms of trade rebound on strong dairy volumes

Mon, 03 Jun 2019

By Rebecca Howard June 4 (BusinessDesk) - New Zealand's terms of trade rebounded in the first quarter on record export volumes of dairy products and cheaper imported fuel. The terms of trade, which measures the purchasing power of New Zealand's exports relative to imports, rose 1 percent in the three months to March 31 reversing some of the 3.2 percent fall in the three months to December 31, Stats NZ said. The terms of trade is an indicator of the state of the overall economy, with the first quarter lift meaning New Zealand can buy...

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