GDT New Zealand Price Index
Medium | -0.4% | 2.7% |
5.5%
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Last release | Importance | Actual | Forecast |
Previous
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1.0% |
-0.4%
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Next release | Actual | Forecast |
Previous
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GDT Price Index reflects a change in prices of dairy products in New Zealand. The indicator calculation covers the weighted average percentage of price changes for 9 types of products sold at the Global Dairy Trade auction, which is held twice a month.
The Global Dairy Trade Price Index is considered as a leading indicator of New Zealand's trade balance, because income from exports grows when commodity prices rise.
Last values:
actual data
forecast
The chart of the entire available history of the "GDT New Zealand Price Index" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.