NZ data for January - March 2019.
Detail is interesting ….
- Export prices +2.6%
- Import prices -3.5%
And:
- Export volumes +5.0%
- Import volumes +1.2%
Dairy prices were indeed higher during Q1 but not feeding through the toT figures yet - expect further ToT improvement in coming quarters.
A positive input for the NZ dollar.
Not that you'd notice, sleepy NZD doing little.
