New Zealand Q1 terms of trade fell, April building permits rose

New Zealand data

Terms of Trade Index Q1 -2.0% q/q

• expected -1.2%, prior 3.7%

Export Prices Q1 -2.7% q/q

• expected -1.1%, prior 5.3%

Import Prices Q1 -0.7% q/q

• expected +0.3%, prior 1.5%

Building Permits April +10.9% m/m

• prior -1.3%