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01.03.2015 23:00:30
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New Zealand Terms Of Trade Slip 1.9% In Q4
(RTTNews) - New Zealand's merchandise terms of trade declined 1.9 percent on quarter in the fourth quarter of 2014, Statistics New Zealand said on Monday.
That beat expectations for a contraction of 2.3 percent following the 4.4 percent drop in the third quarter.
Export prices for goods fell 1.8 percent on quarter, the data showed, while import prices added 0.2 percent.
The services terms of trade tumbled 3.2 percent on quarter as services export prices jumped 1.4 percent and services import prices spiked 4.7 percent.
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