New Zealand Q4 Terms of Trade data +1.8% q/q. Export and import prices both down q/q

New Zealand Q4 Terms of Trade +1.8%

• expected -1.3%, prior -3.4%

Export prices fell 0.6% q/q (expected -2.2%, prior +3.1%)

while import prices fell 2.1% q/q (expected -0.8%, prior +6.3%)

more to come