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Financial News: New Zealand's Terms Of Trade Fall 1.9% In

New Zealand's Terms Of Trade Fall 1.9% In Q1

05/31/2018 - 19:07:00 (RTTNews)

(RTTNews) - New Zealand's terms of trade declined 1.9 percent on quarter in the first three months of 2018, Statistics New Zealand said on Friday.

That was slightly higher than forecasts for a drop of 2.0 percent following the 0.8 percent increase in the three months prior.

The Q1 reading marked the first decline after five quarters of rises as export prices tumbled 2.2 percent and import prices shed 0.3 percent.

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