New Zealand Terms Of Trade Fall 2.4% On Quarter In Q2
(RTTNews) - New Zealand's terms of trade fell a seasonally adjusted 2.4 percent on quarter in the second quarter of 2022, Statistics New Zealand said on Friday.
That missed expectations for a decline of 1.3 percent following the 0.5 percent increase in the three months prior.
Export prices rose 3.7 percent on quarter, exceeding forecasts for a gain of 0.8 percent and slowing from 7.8 percent in the first quarter.
Import prices climbed 6.5 percent on quarter, again topping expectations for a gain of 2.5 percent and down from 7.2 percent in the previous three months.
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