New Zealand's trading power has proved more resilient than expected, but one economist warns the worst is yet to come.

Stats NZ data shows the June quarter bucked expectations as the 'terms of trade' rose 0.4 percent after easing 1.5 percent earlier in the year.

The Country's Jamie Mackay says ANZ's Susan Kilsby observed that the data didn't capture recent slumping global dairy prices- indicating future problems down the track.

LISTEN ABOVE

New Zealand's trading power has proved more resilient than expected, but one economist warns the worst is yet to come.
Stats NZ data shows the June quarter bucked expectations as the 'terms of trade' rose 0.4 percent after easing 1.5 percent earlier in the year.
The Country's Jamie Mackay says ANZ's Susan Kilsby observed that the data didn't capture recent slumping global dairy prices- indicating future problems down the track.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.