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26.11.2014 23:47:38
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New Zealand Has NZ$908 Million Trade Deficit
(RTTNews) - New Zealand saw a merchandise trade deficit of NZ$908 million in October, Statistics New Zealand said on Thursday.
That was well shy of forecasts for a shortfall of NZ$642 million following the NZ$1.367 billion deficit in September.
Exports tumbled 5.1 percent on year to NZ$4.03 billion, beating expectations for a NZ$3.85 billion and up from NZ$3.61 billion in the previous month.
Imports surged an annual 12 percent to NZ$4.94 billion versus forecasts for NZ$4.60 billion but down from NZ$4.98 billion a month earlier.
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