NZ monthly trade deficit at 5-year high in August as infant formula exports fall

Tue, 24 Sep 2013

Sept. 25 (BusinessDesk) - New Zealand’s monthly trade deficit was the biggest in almost five years in August as the one-off arrival of a drilling platform skewed imports, and export growth was minimal in a month where the country’s food safety was under heightened global scrutiny. The monthly deficit widened to $1.19 billion in August from $771 million in July and $812 million a year earlier, according to Statistics New Zealand. That was the biggest ever deficit for the month of August, and the widest monthly shortfall since September 2008....

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