Economic Buzz: New Zealand Terms Of Trade Drop 2.4% On Quarter In Q2 2022

2 Sep 2022 , 12:13 PM

New Zealands terms of trade fell a seasonally adjusted 2.4 percent on quarter in the second quarter of 2022, Statistics New Zealand reported. 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.Powered by Commodity Insights