GDT New Zealand Price Index

Country: New Zealand, NZD
Importance:
Low
Sector: Prices
Source: Global Dairy Trade
Last release
Actual
-2.8%
Forecast
—
Previous
—
Next release
Actual
Coming in 6 days
Forecast
-0.3%
Previous
-2.8%
Actual
Forecast
2 years 5 years All time
Date (GMT)
Reference
Actual
Forecast
-0.7%
0.1%
-1.5%
0.3%
3.2%
0.4%
-0.1%
0.8%
-2.8%
0.6%
-3.8%
0.2%
0.6%
0.2%
2.4%
0.5%
-3.9%
0.6%
-4.6%
0.6%
-3.5%
-0.1%
2.0%
-0.9%
4.9%
-1.4%
-2.9%
-1.5%
-5.0%
0.1%
-5.0%
0.3%
-4.1%
0.3%
-1.3%
-0.1%
1.5%
-0.4%
-2.9%
-1.7%

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.

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