New Zealand - ANZ commodity price index for January: +0.7% m/m (prior -2.2%)

Up 0.7% on the month in January, first rise in 3 months

• prior revised to -1.9% from -2.2%
• For the y/y, up 4.2% (prior 3.2)

Dairy higher (and others - meat, aluminium, forestry)

In NZD terms:

• -2.9% m/m (-2.7% prior)
• +4.8% y/y (6.7%)