Terms of trade lift 1.6% in June quarter
The rise follows a 1% rise in the March quarter and a 3.2% drop in December.
Nevil Gibson
Mon, 02 Sep 2019
Export prices outpaced imports in the June quarter, pushing the merchandise terms of trade up 1.6% from the March quarter.
The terms of trade is a measure of the purchasing power of exports and an increase means New Zealand can buy more imports for the same amount of exports.
It was higher
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Nevil Gibson
Mon, 02 Sep 2019
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