First Squawk(@FirstSquawk):NEW ZEALAND’S Q2 TERMS OF TRADE INDEX FALLS 9.0% Q/Q, FAR WORSE THAN THE EXPECTED 3.9% DECLINE, WHILE IMPORT PRICES SURGE 13.8%. || EXPORT VOLUMES RISE 6.4% Q/Q, BUT THE SHARP TERMS-OF-TRADE DROP SIGNALS A SIGNIFICANT DETERIORATION IN NEW ZEALAND’S EXTERNAL TRADE POSITION.

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First Squawk@FirstSquawk

2026.09.02 23:06

NEW ZEALAND’S Q2 TERMS OF TRADE INDEX FALLS 9.0% Q/Q, FAR WORSE THAN THE EXPECTED 3.9% DECLINE, WHILE IMPORT PRICES SURGE 13.8%. || EXPORT VOLUMES RISE 6.4% Q/Q, BUT THE SHARP TERMS-OF-TRADE DROP SIGNALS A SIGNIFICANT DETERIORATION IN NEW ZEALAND’S EXTERNAL TRADE POSITION.