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New Zealand Terms Of Trade Rises 0.4% In Q2
(RTTNews) - New Zealand's terms of trade rose a seasonally adjusted 0.4 percent on quarter in the second quarter of 2023, Statistics New Zealand said on Monday.
That exceeded expectations for a decline of 1.3 percent following the 1.5 percent drop in the three months prior.
Export prices were down 0.6 percent on quarter in Q2, beating forecasts for a fall of 2.1 percent following the 6.9 percent drop in the previous three months.
Import prices slid 1.0 percent on quarter versus expectations for a decline of 1.4 percent following the 5.4 percent fall in Q1.
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New Zealand Hints At More Interest Rate Cuts
The Reserve Bank of New Zealand reduced its key interest rate by 25 basis points to a three-year low and hinted at further easing on Wednesday. The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent. The bank has reduced the rate by 250 basis points since August 2024.
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New Zealand Services Index Improves To 48.9 - BusinessNZ
The services sector in New Zealand continued to contract in July, albeit at a slower rate, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 48.9.
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New Zealand Manufacturing Sector Expands In July - BusinessNZ
The manufacturing sector in New Zealand moved up into expansion territory in July, BusinessNZ said on Friday with a seasonally adjusted Performance of Manufacturing Index score of 52.8.
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New Zealand Jobless Rate Climbs To 5.2% In Q2
The unemployment rate in New Zealand came in at a seasonally adjusted 5.2 percent in the second quarter of 2025, Statistics New Zealand said on Wednesday.
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New Zealand Has NZ$142 Million Trade Surplus In June
New Zealand posted a seasonally adjusted merchandise trade surplus of NZ$142 million in June, Statistics New Zealand said on Tuesday.
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New Zealand Annual Inflation Climbs 2.7% In Q2
Consumer prices in New Zealand were up 2.7 percent on year in the second quarter of 2025, Statistics New Zealand said on Monday - up from 2.5 percent in the three months prior but shy of expectations for 2.8 percent.
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NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Thursday.
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New Zealand Services Index Improves In June - BusinessNZ
The services sector in New Zealand continued to contract in June, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.3.
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