Track the NZ GDT Price Index, a key indicator of trade balance through commodity price trends.
This serves as a key indicator of the country's trade balance with other nations, as increasing commodity prices enhance export revenues. The source does not specify an exact release time, and therefore, this event will be marked as 'Tentative' until the data is published. As of September 2010, the frequency of release was modified from monthly to bi-monthly.
What it Measures
The change in the average auction price of dairy products.
Usual Effect
'Actual' results exceeding 'Forecast' are favorable for the currency.
Source & Frequency
GDT (latest release) - https://www.globaldairytrade.info/ • Bi-monthly.
How Data is Derived
The weighted-average price of the 9 dairy products sold at auction are sampled and then compared to the previous sampling
Also Known As
N/A
Acronym
GlobalDairyTrade (GDT)