Terms of trade produce upside surprise
New Zealand's terms of trade have defied the pessimists, improving 1.3% in the June quarter.
New Zealand's terms of trade have defied the pessimists, improving 1.3% in the June quarter.
While still 4.4% below a year ago, the index – which measures New Zealand's ability to pay its way in the world – nudged upward from the previous quarter. The average forecast by economists was for a
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Rob Hosking
Tue, 01 Sep 2015
Tue, 01 Sep 2015
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Terms of trade produce upside surprise
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