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New Zealand Terms Of Trade Sink 0.7% In Q1

New Zealand’s terms of trade fell a seasonally adjusted 0.7 percent on quarter in the first three months of 2020, Statistics New Zealand said on Tuesday.

That missed expectations for an increase of 1.3 percent following the 2.6 percent gain in the three months prior.

Export prices for goods fell 0.2 percent and import prices rose 0.5 percent, while export volumes for goods rose 1.8 percent and import volumes fell 3.9 percent.

Export values for goods rose 3.6 percent and import values fell 1.9 percent and the services terms of trade advanced 3.6 percent.

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