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Financial News: New Zealand Trade Data Due On Wednesday

New Zealand Trade Data Due On Wednesday

11/26/2019 - 16:31:00 (RTTNews)

(RTTNews) - New Zealand will on Wednesday release October numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

Imports are expected to be worth NZ$6.0 billion, up from NZ$5.71 billion in September. Exports are called at NZ$5.0 billion, up from NZ$4.47 billion in the previous month. The trade balance is expected to show a deficit of NZ$1.0 billion following the NZ$1.242 billion shortfall a month earlier.

China will provide October numbers for industrial profits; in September, profits were down 5.3 percent on year.

Australia will see Q3 data for construction work done; in the three months prior, construction work was down 3.8 percent on quarter.

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