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New Zealand data: ANZ commodity prices for May -2.8% m/m (vs. -1.9% previously)

The ANZ Commodity Price Index is a monthly report that tracks changes in prices received for New Zealand’s main export categories, both in world prices and in New Zealand dollars.

– 2.8% m/m in May

  • dragged down by weakness in aluminum, dairy and forestry
  • in local currency, the index gained 2.0%, due to the sharp depreciation of the New Zealand dollar based on a trade-weighted index (TWI)

more soon


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