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.
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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