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2017.05.3119:05:00UTC+00New Zealand Terms Of Trade Jump 5.1% In Q1

New Zealand's terms of trade surged 5.1 percent on quarter in the first three months of 2017, Statistics New Zealand said on Thursday - marking the highest reading since 1973.

The headline figure beat forecasts for an increase of 3.9 percent following the 5.7 percent gain in the three months prior.

Export prices for goods rose 8.0 percent, while import prices for goods rose 2.7 percent.

Seasonally adjusted goods export volumes fell 4.2 percent, and goods import volumes rose 1.2 percent.

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