New Zealand terms of trade for Q3: -0.3% q/q (expected 0.0%)

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NZ third quarter terms of trade (comparing the prices of a country’s exports against those for imports … in a nutshell)

-0.3 % q/q, a miss on already low expectations 

  • expected 0.0% q/q, prior +0.6%

Export prices +3.3% q/q  (export volumes +1.8% q/q)

  • import prices +2.6% q/q (import volumes -0.9%) 

more to come  

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