• Falls 2.6% (survey -2.0%, prior -2.3%)

NZD/USD trading at 0.8005/09 little change .

  • Export volumes down 0.4% from previous qtr.
  • Import volumes down 3.1% from previous qtr.
  • Export prices fall 1% from previous qtr.
  • Import prices rise 1.7% from previous qtr.

Terms of trade suffered the biggest drop in three years as lower dairy prices knocked export prices and a weaker local dollar lifted import prices . -rtrs