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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 Has NZ$578 Million Trade Deficit
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The New Zealand dollar weakened against most major currencies in the Asian session on Thursday.
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