An indicator of price trends for New Zealand's 17 main commodity exports

-0.9% m/m

  • Prior revised to +2.9% m/m
  • y/y comes in at -2.7% (prior -1.9%)

ANZ:

  • lower dairy prices were partially offset by stronger prices for meat and aluminium.

In NZD terms:

-0.2% m/m

  • +0.3% previous month

-3.8% y/y

  • +0.2% the prior