NZ data - ANZ August Commodity export Prices -1.1% m/m (prior -3.3%)

Dairy has been a mover in past months, down nearly 8%

For the ANZ index:

• down 1.1% m/m
• down 0.5% y/y
• In NZD terms the index is +0.4 and +8.9% respectively

Says ANZ:

• NZD drop acting like a shock absorber

more to come