NZ annual trade deficit reached nine-year high in July on rising oil prices

Thu, 23 Aug 2018

By Rebecca Howard Aug. 24 (BusinessDesk) - New Zealand's annual trade deficit for July was the widest in nine years as petroleum imports soared, though it was slightly narrower than economists had expected as dairy exports continued to push higher. The country's annual trade deficit widened to $4.4 billion in July from $3.2 billion a year earlier, Statistics New Zealand said. Economists had been expecting an annual deficit of $4.5 billion, according to the median in a Bloomberg poll of 10. It was the largest annual deficit since March 20...

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