Measures how favorable New Zealand 's terms of trade are. The terms of trade figure is calculated as the ratio of an export to the price of an import, per commodity. A higher value is generally bullish for the New Zealand economy, signifying that the products New Zealand exports are worth more than the products it imports. Stronger terms of trade can result from increased demand for New Zealand exports or increased demand for the New Zealand dollar, both of which are beneficial for the New Zealand economy. The figure can be important to market participants because New Zealand relies so highly on exports.

The figure is reported in headlines as the percentage change in the index from the previous quarter. A positive change is viewed as favorable for the New Zealand economy, while a negative change is viewed as a bearish sign for the economy.

Relevance: Rarely affects markets
Release Schedule : 22:45 (GMT); quarterly, over two months after the reporting period
Source of Report : Statistics New Zealand
Web Address : http://www.stats.govt.nz/default.htm
Address of Release : http://www.stats.govt.nz/products-and-services/info-releases/oseas-trade-indexes-info-releases.htm
Refer > Overseas Trade Indexes report