Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- Political RiskPolitical Risk
Intelligence on key political and geopolitical events around the world.
- About Us
By Sophia Rodrigues
SYDNEY (MNI) - Following are the five key observations we made from
overseas trade indexes data for the fourth quarter published by Statistics New
Zealand on Thursday:
--New Zealand's terms of trade rose 0.8% in Q4 to a new record high driven
mainly by export prices for meat which rose 7.5% due to a 12% rise in lamb
--Total export prices rose 4.9%. Dairy was another key contributor to rise
in export prices mainly due to a 11% rise in butter prices. Since September
2016, prices for butter have risen 93%.
--Total import prices rose 4.0%. Crude oil rose 22% and were at their
highest level since Q3 of 2015.
--This was the fifth straight quarter of rise in terms of trade but the
latest gain was the smallest during this period. The best during this time was
the 5.8% rise in terms of trade in Q4 of 2016.
--Export prices for services rose 2.9% while import prices rose 5.2%,
marking a fall in services terms of trade.
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: firstname.lastname@example.org