ANZ Commodity Price Index

Wednesday 9 May 2018

The ANZ Commodity Price Index rose 1.0% m/m in April, notching up its fourth consecutive lift. Of the 17 commodities seven rose, five were unchanged and four declined.

The main thrust was provided by the dairy complex, while aluminium provided a supporting act as trade tensions and geopolitics boosted prices. The meat and fibre group provided a drag as beef and skin prices fell.

The NZD moved higher against major trading partners except the USD and GBP. This helped boost NZD returns 1.2% m/m, lifting annual growth to 5.8%.

Source: ANZ

Share |

Copyright 2004-2019 © Innovatek Ltd. All rights reserved.