We take the opportunity of a quiet data week to review the state of the New Zealand export sector. Primary exporters are enjoying remarkably buoyant conditions, despite slower growth in China and other emerging economies. Recovery in traditional markets may be a factor; food producers may also be seeing the benefits of China’s rotation from investment-led to more consumer-centric growth. Either way, it’s one more positive for the NZ dollar – both against the USD and against its Australian counterpart.
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