Financial News: New Zealand Terms Of Trade Climbs 2.4% In

New Zealand Terms Of Trade Climbs 2.4% In Q3

12/02/2024 - 20:24:00 (RTTNews)

(RTTNews) - The terms of trade in New Zealand rose a seasonally adjusted 2.4 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Tuesday.

That exceeded expectations for a gain of 1.2 percent and was up from 2.1 percent in the previous three months

Export prices were up 0.7 percent on quarter, missing forecasts for an increase of 1.4 percent following the 5.2 percent gain in the second quarter.

Import prices slumped 1.7 percent on quarter versus expectations for a decline of 0.6 percent following the 3.1 percent gain in Q2.

Export volumes for goods fell 1.8 percent and import volumes rose 3.0 percent and export values for goods fell 0.3 percent and import values rose 1.1 percent.

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