|
New Zealand's Terms of Trade Fall Less Than Forecast |
|
|
|
Asian Economy |
Written by CEP News |
Dec 09 08 21:15 GMT |
|
|
(CEP News) - New Zealand terms of trade declined 2.3% in the third quarter, above expectations for a 2.6% decline.
Second quarter terms of trade were upwardly revised to -0.4% from -0.5%, Statistics New Zealand said on Wednesday (Tuesday night EST). The report said merchandise export prices rose 8.6% in the third quarter, while import prices rose 11.1%. The services terms of trade figure fell by 4.9%, with services export prices up by 2.6% and import prices up 7.9%. By Megan Ainscow,
This email address is being protected from spam bots, you need Javascript enabled to view it
CEP Newswires - CEP News © 2008. All Rights Reserved. www.economicnews.ca The Copying, Broadcast, Republication or Redistribution of CEP News Content is Expressly Prohibited Without the Prior Written Consent of CEP News. A copy of CEP News disclaimer can be found at http://www.economicnews.ca/cepnews/wire/disclaimer. |
