New Zealand’s terms of trade climbed 1.5 percent on quarter in the second three months of 2017, Statistics New Zealand said on Friday.

That missed forecasts for an increase of 3.0 percent following the downwardly revised 3.9 percent gain in the second quarter (originally 5.1 percent).

Export prices for goods rose 2.4 percent, while import prices for goods rose 0.9 percent.

The services terms of trade fell 4.8 percent.

The material has been provided by InstaForex Company –