NZ data - ANZ Commodity Price Index (January): -0.1% m/m (prior +0.7%)

ANZ Commodity Price Index for New Zealand

(a monthly report that tracks the movement in the prices received for New Zealand"s main export categories)

-0.1% m/m in January

• Led by weakness in a few components, particularly wool products and whole milk powder (WMP)


• Broad-based gains were evident elsewhere, with 10 of 17 commodities rising


• The index is 19% higher than this time last year


• The stronger currency put a dent in the NZD Commodity Price Index, which fell 1.1% m/m in January


• In world price terms, non-dairy commodity prices were up 0.7% m/m


• Six of the 12 non-dairy commodities in the index rose in January


• All major non-dairy groups in the index improved over the year, pushing the ex-dairy index up 7.4% y/y
  

more to come

NZ data - ANZ Commodity Price Index (January): -0.1% m/m (prior +0.7%)
NZ data - ANZ Commodity Price Index (January): -0.1% m/m (prior +0.7%)
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