NZ: Stable Commodity Price Index in May - ANZ

Analysts at ANZ note that the New Zealand’s ANZ World Commodity Price Index was stable in May, following a revised 2.6% rise in April.

Key Quotes

“The index is now 0.7% stronger than a year ago.”

“The NZD index lifted 2.3% m/m in May, as commodity returns in local currency terms were bolstered by the softer New Zealand dollar.”