Terms of trade fall further – but capital investment still on the up
Although the aggregate picture for the quarter is negative, the final two months saw prices paid for dairy exports start to rise again.
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The country's terms of trade are now at the lowest level for three years.
Data released by Statistics New Zealand today shows a continued decline in the balance between prices paid for imports and those received for exports, with export prices falling 1.9% and import prices dropping 0.6% in
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Rob Hosking
Fri, 01 Mar 2013
Fri, 01 Mar 2013
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Terms of trade fall further – but capital investment still on the up
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