June trade surplus $242 million, boosted by dairy exports

Tue, 25 Jul 2017

By Rebecca Howard July 26 (BusinessDesk) - New Zealand reported a higher-than-expected monthly trade surplus of $242 million in June as exports were boosted by dairy sales, especially to China. The annual deficit in the year to June was $3.7 billion versus $3.8 billion in the 12 months to May. Economists had expected a monthly surplus of $100 million and an annual deficit of $3.7 billion, according to the median in a Bloomberg poll. The June surplus was the fourth monthly surplus in a row. Exports rose 11 percent on the year to $4.7...

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