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Financial News: New Zealand Has NZ$1.235 Billion Trade Deficit In

New Zealand Has NZ$1.235 Billion Trade Deficit In August

09/25/2017 - 18:16:00 (RTTNews)

(RTTNews) - New Zealand had a merchandise trade deficit of NZ$1.235 billion in August, Statistics New Zealand said on Tuesday.

That missed forecasts for a shortfall of NZ$825 million following the NZ$98 million surplus in July.

Exports were up 9.0 percent on year to NZ$3.69 percent - missing forecasts for NZ$4.05 billion and down from NZ$4.63 billion in the previous month.

Imports advanced an annual 6.5 percent to NZ$4.92 billion versus forecasts for NZ$4.80 billion after showing NZ$4.53 billion a month earlier.

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