NZ data - Prices for exports slipping in Q1 more than those for imports
Terms of trade down 2% q/q. This is the first decline in ToT for a year and a half.
- expected -2.0% q/q, prior +0.8%
- Export prices -2.2% q/q against an expected -1.5% … driven largely by lower dairy prices
- Import prices -0.3% (expected 0.0%)
More:
- Import volumes +0.9% q/q
- export volumes down 2.9%
more to come
