Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Merchandise Terms Of Trade Rise

Overseas Trade Indexes: March 2001 quarter (provisional)

The merchandise terms of trade rose 4.7 per cent in the March 2001 quarter, according to the latest Overseas Trade Indexes released by Statistics New Zealand. A rise in the terms of trade means that more imports can be funded by a fixed quantity of exports. The merchandise terms of trade index is now at its highest level since the March 1990 quarter.

The terms of trade for services rose 4.9 per cent.

The total merchandise exports price index fell 2.8 per cent and the imports price index fell 7.1 per cent in the March 2001 quarter. Excluding crude oil and other mineral fuels, the merchandise imports price index fell 5.7 per cent. Price decreases occurred in most of the main commodities this quarter for exports and imports. The appreciation of the New Zealand dollar, as measured by the Trade-Weighted Index which rose 5.7 per cent in the March 2001 quarter, contributed to the decreases in export and import prices. Moving against the trend were lamb export prices which rose 9.2 percent.

Merchandise export volumes had a seasonally adjusted decrease of 1.7 per cent in the March 2001 quarter. Decreased volumes of meat, forestry products and wool were partly offset by a rise in dairy product volumes.

Merchandise import volumes had a seasonally adjusted increase of 1.1 per cent in the March 2001 quarter. The volumes of consumption goods rose 2.4 per cent, intermediate goods (goods, including crude oil, imported for further processing) fell 0.9 per cent and capital goods (unadjusted) fell 19.5 per cent.

If items valued at $100 million or more each (such as large aircraft and ships) are excluded, the seasonally adjusted total merchandise imports volume fell 0.9 per cent in the March 2001 quarter.

Ian Ewing DEPUTY GOVERNMENT STATISTICIAN

END


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news