Rising fuel prices dent third quarter terms of trade

Sun, 02 Dec 2018

By Rebecca Howard Dec. 3 (BusinessDesk) - New Zealand's terms of trade fell in the September quarter as rising fuel prices outweighed gains that pushed export prices to a nine-year high. The terms of trade, which measures the purchasing power of New Zealand’s exports relative to imports, fell 0.3 percent in the three months through September from an increase of 0.4 percent in the June quarter, Statistics New Zealand said. The June reading was revised down. Economists polled by Bloomberg had expected it to be unchanged in the quarter. ...

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