New Zealand Q2 Terms of Trade +1.5% Q/Q, Q1 Revised Lower

     SYDNEY (MNI) - From Overseas Price Indexes data for the second quarter

published by Statistics New Zealand on Friday:

                                                Q2                            Q1

--------------------------------------------------------------------------------

                             (seasonally-adjusted)         (seasonally-adjusted)

Goods terms of trade                         +1.5%   +3.9% (revised from +5.1%)*

MNI Median                                   +3.1%

                              (Range 0.0 to +4.0%)

Goods Export Price Index                     +2.4%                         +6.9%

Goods Import Price Index                     +0.9%                         +2.9%

Services Terms of Trade                      -4.8%                         +0.1%

Services Export Price Index                  -1.5%                         +1.1%

Services Import Price Index                  +3.5%                         +1.1%

     *Downward revision in Q1 terms of trade mainly reflects correction in

prices of forestry products.

--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com

[TOPICS: MTABLE,MANDA$,MANDS$,MMNRB$,M$A$$$,M$N$$$,MT$$$$]