Terms of Trade Index
Next event - Wednesday 2 September 2026 22:45
The typical/expected market impact of this event is low.
The consensus forecast for Terms of Trade Index is -2.2%. A higher value than forecast tends to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.
Most recent - Tuesday 2 June 2026 22:45
Lower numbers than forecast tend to be bullish for xxx/NZD pairs and bearish for NZD/xxx pairs.
Trading range
Forecast history
The most recent announced value for Terms of Trade Index was -2% against a forecast of -1.2%.
Past events
Economic context
Recent economic data has been moderately bearish for NZD. Other recent announcements which may affect the market's interpretation of the next Terms of Trade Index result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| RBNZ Interest Rate Decision | Bullish change | 2.5% | 2.75% | ||
| Building Permits s.a. (MoM) | Bearish change | -3.7% | -4.3% | ||
| Retail Sales (QoQ) | Bearish change | 1% | -0.5% | ||
| Retail Sales ex Autos (QoQ) | Bearish change | 1.1% | 0.7% | ||
| Exports | Bearish change | $7.83B | $7.39B | ||
| Imports | Bullish change | $8.06B | $9.34B | ||
| Trade Balance NZD (YoY) | Bearish change | $-4.04B | $-5.23B |
About Terms of Trade Index
| Country: | New Zealand |
|---|---|
| Currency: | NZD |
| Source: | Stats NZ |
| Category: | Capital Flows |
| Frequency: | Quarterly |
Related events
| Australia | Trade Balance (MoM) | ||
| Australia | Exports (MoM) | ||
| Australia | Imports (MoM) | ||
| Canada | Current Account | ||
| China | Imports (YoY) | ||
| China | Exports (YoY) | ||
| China | Trade Balance USD | ||
| China | Trade Balance CNY | ||
| China | Imports (YoY) CNY | ||
| China | Exports (YoY) CNY | ||
| Germany | Trade Balance s.a. | ||
| Japan | Merchandise Trade Balance Total | ||
| Japan | Exports (YoY) | ||
| Japan | Imports (YoY) | ||
| Japan | Current Account n.s.a. | ||
| New Zealand | Exports | ||
| New Zealand | Trade Balance NZD (YoY) | ||
| New Zealand | Imports |
