ANZ's indicator of price trends for New Zealand's 17 main commodity exports
-1.4% m/m
- prior -3.9%
-0.5% y/y
In NZD terms,
- -2.8% m/m and +0.3% y/y
ANZ points:
- recent fall in forestry prices weighed on the index
- dairy price movements also negative
- The fall in the index was exacerbated by the strength of the New Zealand dollar during the month of July
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ANZ's monthly update of its index of commodity prices, tracks the prices of NZ's main exports.
