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Financial News: New Zealand Trade Data On Tap For Thursday

New Zealand Trade Data On Tap For Thursday

02/26/2020 - 16:31:00 (RTTNews)

(RTTNews) - New Zealand is on Thursday scheduled to release January figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.

Imports are expected to be worth NZ$5.00 billion, roughly unchanged from the December reading. Exports are pegged at NZ$4.44 billion, down from NZ$5.54 billion in the previous month. The trade balance is tipped to show a deficit of NZ$533 million following the NZ$547 million surplus a month earlier.

New Zealand also will see February results for the business confidence survey and activity outlook from ANZ; in January, their scores were -13.2 and 17.2, respectively.

Australia will provide Q4 numbers for private capital expenditure. Capex is tipped to add 0.5 percent on quarter after slipping 0.2 percent in the three months prior.

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