FOREX TradingCharts.com

Financial News: New Zealand Has NZ$85 Million Trade Surplus

New Zealand Has NZ$85 Million Trade Surplus

08/23/2017 - 19:45:00 (RTTNews)

(RTTNews) - New Zealand posted a merchandise trade surplus of NZ$85 million in July, Statistics New Zealand said on Thursday - representing 1.8 percent of exports.

The headline figure was well ahead of forecasts for a deficit of NZ$200 million following the NZ$242 million surplus in June.

It also marked just the 11th time since 1960 that the month of July saw a surplus, the bureau said.

"July months are typically deficits," overseas trade manager Tehseen Islam said. "This is the first July surplus since 2012 ($98 million). This month's surplus compares with a NZ$351 million deficit in July 2016, in part reflecting a large aircraft import back then."

Exports surged an annual 178.0 percent or NZ$668 million to NZ$4.63 billion, beating expectations for NZ$4.42 billion and down from NZ$4.70 billion in the previous month.

Exports to China surged NZ$345 million (51 percent) to NZ$1.0 billion.

Milk powder, butter, and cheese led the rise - up NZ$426 million (51 percent) to NZ$1.3 billion.

The rise in dairy was the largest for any month since March 2014. The value of whole milk powder per ton was one-third higher than a year ago, while the quantity was up 12 percent. International dairy product auction prices rose sharply in the second half of 2016.

Imports advanced 5.4 percent on year or NZ$232 million to NZ$4.55 billion versus forecasts for NZ$4.60 billion and up from NZ$4.46 billion a month earlier.

Vehicles, parts, and accessories led the rise - up NZ$154 million (25 percent) to NZ$768 million. Passenger motor cars exceeded NZ$500 million for the second consecutive month (NZ$502 million).

Aircraft and parts fell, due to a large import in July 2016.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Belgium Consumer Confidence Improves In September (01 hr(s), 37 min(s), 40 sec(s) ago)
(RTTNews) - Belgium's consumer confidence strengthened in September after stagnating in the pr ...Full Story»

U.S. Import And Export Prices Climb More Than Expected (02 hr(s), 03 min(s), 40 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Tuesday showed increases in U.S. import a ...Full Story»

U.S. Housing Starts Unexpectedly Slide 0.8% In August (02 hr(s), 10 min(s), 40 sec(s) ago)
(RTTNews) - New residential construction in the U.S. unexpectedly decreased in the month of August ...Full Story»

Hungary's Central Bank Holds Base Rate, Trims Overnight Deposit Rate (02 hr(s), 23 min(s), 40 sec(s) ago)
(RTTNews) - Hungary's central bank left its key interest rate unchanged for a sixteenth straig ...Full Story»

U.S. Import And Export Prices Climb More Than Expected In August (02 hr(s), 37 min(s), 40 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Tuesday showed increases in U.S. import a ...Full Story»

U.S. Housing Starts Unexpectedly Drop 0.8% In August (02 hr(s), 42 min(s), 40 sec(s) ago)
(RTTNews) - New residential construction in the U.S. unexpectedly decreased in the month of August ...Full Story»

Poland Industrial Output Growth Tops Expectations; PPI Inflation Accelerates (03 hr(s), 01 min(s), 40 sec(s) ago)
(RTTNews) - Poland's industrial production grew more than forecast in August and producer pric ...Full Story»

German ZEW Economic Confidence Strengthens In September (03 hr(s), 46 min(s), 40 sec(s) ago)
(RTTNews) - Germany's economic confidence strengthened for the first time in four months in Se ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Belgium Consumer Confidence Improves In September

09/19/2017 - 09:42 AM (RTTNews)
(RTTNews) - Belgium's consumer confidence strengthened in September after stagnating in the pr ...Full Story>>

U.S. Import And Export Prices Climb More Than Expected

09/19/2017 - 09:16 AM (RTTNews)
(RTTNews) - A report released by the Labor Department on Tuesday showed increases in U.S. import a ...Full Story>>

U.S. Housing Starts Unexpectedly Slide 0.8% In August

09/19/2017 - 09:09 AM (RTTNews)
(RTTNews) - New residential construction in the U.S. unexpectedly decreased in the month of August ...Full Story>>

Hungary's Central Bank Holds Base Rate, Trims Overnight Deposit Rate

09/19/2017 - 08:56 AM (RTTNews)
(RTTNews) - Hungary's central bank left its key interest rate unchanged for a sixteenth straig ...Full Story>>

U.S. Import And Export Prices Climb More Than Expected In August

09/19/2017 - 08:42 AM (RTTNews)
(RTTNews) - A report released by the Labor Department on Tuesday showed increases in U.S. import a ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.