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Financial News: New Zealand Has NZ$103 Million Surplus In May

New Zealand Has NZ$103 Million Surplus In May

06/26/2017 - 19:15:00 (RTTNews)

(RTTNews) - New Zealand had a merchandise trade surplus of NZ$103 million in May, Statistics New Zealand said on Tuesday.

That was shy of expectations for a surplus of NZ$419 million and down from the downwardly revised NZ$536 million a month earlier (originally NZ$578 million).

Exports were up 8.7 percent on year to NZ$4.95 billion - beating forecasts for NZ$4.93 billion and up from NZ$4.70 billion.

Imports jumped an annual 15.0 percent to NZ$4.85 billion versus expectations for NZ$4.48 billion and up from NZ$4.16 billion.

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