empty
 
 

2023.06.0122:50:00UTC+00New Zealand Terms Of Trade Slips 1.5% In Q1

The terms of trade in New Zealand dropped a seasonally adjusted 1.5 percent on quarter in the first three months of 2023, Statistics New Zealand said on Friday.

The missed expectations for a decline of 1.3 percent following the 1.8 percent increase in the previous three months.

Export prices fell 6.9 percent in Q1, missing forecasts for a drop of 2.2 percent after easing 0.6 percent in the three months prior. Export volume rose 1.0 percent, beating forecasts for a flat reading after slumping 6.3 percent in the previous quarter.

Import prices dropped 5.4 percent on quarter versus expectations for a fall of 0.8 percent after shedding 2.1 percent in the previous quarter.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback