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New Zealand Terms Of Trade Slips 0.6% In Q3
(RTTNews) - The terms of trade in New Zealand fell a seasonally adjusted 0.6 percent on quarter in the third quarter of 2023, Statistics New Zealand said on Monday - after adding a downwardly revised 0.3 percent in the three months prior (originally 0.4 percent).
Export prices for goods fell 1.4 percent after slipping 0.6 percent in the second quarter, while import prices sank 0.8 percent after dropping 1.0 percent in Q2.
Export volumes for goods fell 5.5 percent and import volumes fell 3.0 percent, while export values for goods fell 6.0 percent and import values fell 4.3 percent.
The services terms of trade fell 0.9 percent. Services export prices rose 1.3 percent, while import prices rose 2.1 percent.
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New Zealand Has NZ$1.185 Billion Trade Deficit
New Zealand posted a seasonally adjusted merchandise trade deficit of NZ$1.185 billion in August, Statistics New Zealand said on Friday.
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New Zealand Services Index Slumps In August - BusinessNZ
The services sector in New Zealand continued to contract in August, and at a faster pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.5.
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New Zealand Manufacturing Index Slips Into Contraction - BusinessNZ
The manufacturing sector in New Zealand dropped into contraction territory in August, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 49.9.
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New Zealand Building Consents Climb 5.4% In July
The total number of building permits issued in New Zealand was up a seasonally adjusted 5.4 percent on month in July, Statistics New Zealand said on Monday - coming in at 3,252.
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New Zealand Retail Sales Climb 0.5% In Q2
The total volume of retail sales in New Zealand was up a seasonally adjusted 0.5 percent on quarter in the second quarter of 2025, Statistics New Zealand said on Monday - coming in at NZ$25 billion.
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New Zealand Has NZ$578 Million Trade Deficit
New Zealand posted a merchandise trade deficit of NZ$578 million in July, Statistics New Zealand said on Thursday.
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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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