NZ annual trade deficit unexpectedly shrinks in May

Thu, 25 Jun 2015

By Tina Morrison June 26 (BusinessDesk) - New Zealand’s annual trade deficit unexpectedly shrank in May as exports rose more than forecast and imports lagged predictions. The country’s trade deficit fell to $2.57 billion in the 12 months through May, according to Statistics New Zealand. That was lower than the $2.66 billion annual deficit in April and the $2.9 billion forecast by economists in a Reuters survey. For the month of May, New Zealand had a surplus of $350 million, beating expectations for a $100 million deficit. May expor...

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