New Zealand terms of trade index for Q4 -1.9% q/q
- -3.0% expected
- -4.4% prior
- Terms of trade fell for the 2nd consecutive quarter
- Falls in dairy prices cited
- Dairy prices falling, beef prices climbing
NZD near session lows on the release:
- Q4 seasonally adjusted export volumes +1.5 pct on previous qtr (Reuters poll +1.5 pct
- Q4 seasonally adjusted import prices +0.2 pct on previous qtr (Reuters poll -0.4 pct)
- Q4 seasonally adjusted export prices -1.8 pct on previous qtr (Reuters poll -3.1 pct)
