New Zealand data: Q4 terms of trade drop from the previous quarter (export prices plummet) ...Middle East

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A nearly 8% drop in ToT for the quarter. New Zealand data for Q4 2023:Export Prices -4.2% q/qexpected -0.4%, prior -1.4%Import Prices +3.8% expected -0.2%, prior -0.8%NZD/USD has barley moved, circa 0.6101.---Terms of trade refer to the ratio between the prices of a country's exports and the prices of its imports. In other words, it's the relative value of a country's exports to its imports.When the terms of trade of a country are improving, it means that the prices of its exports are increasing faster than the prices of its imports. This can lead to an increase in the purchasing power of the country's exports, which can boost economic growth.On the other hand, if a country's terms of trade

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Last updated : 04 March 2024 clock 01:01 AM

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New Zealand data: Q4 terms of trade drop from the previous quarter (export prices plummet) ...Middle East

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