Rising fuel costs pinch terms of trade

Rising fuel costs pinch terms of trade
More expensive fuel was a key factor driving the turnaround. (Image: Nova)
Ella Somers
New Zealand’s terms of trade slipped in the December quarter in its first decline since September 2020 as the price of imported goods rose at a faster pace than exports.More expensive fuel was a key factor driving the turnaround in the terms of trade (ToT), with the value of imported petroleum and petrol products rising 1.1% from the September quarter, even as the volume shrank 7.2%.This rising trend came before recent disruptions to global energy supplies caused by the Russian invasion of Ukraine, which has pushed prices at the petrol pu...

More Economy

Consolidation on the cards as cash no longer king
Economy

Consolidation on the cards as cash no longer king

Cash use has declined for two decades. 

Rebecca Howard 28 Mar 2024
India's FTA surge and the implications for New Zealand
Economy

India's FTA surge and the implications for New Zealand

India has signed 13 free trade agreements in five years, but what does this mean for NZ?

Dileepa Fonseka 28 Mar 2024
Gone in a puff: Sanitarium axes jobs and well-known brands
Retail

Gone in a puff: Sanitarium axes jobs and well-known brands

A total of 49 jobs will be cut across manufacturing, logistics and head office.

Staff reporters 27 Mar 2024