NZ monthly trade deficit widest in 2 years as dairy, meat exports slump

Sun, 25 Sep 2016

By Paul McBeth Sept. 26 (BusinessDesk) - New Zealand's trade deficit widened to the biggest monthly gap since September 2014 as dairy and meat exports slumped in August. The deficit of $1.27 billion in August was larger than the deficit of $351 million in July and $1.09 billion in the same month a year earlier, Statistics New Zealand said. Exports sank 8.7 percent to $3.39 billion from August 2015, outpacing a 3.1 percent fall in imports to $4.65 billion. The country's two biggest export commodities dropped by more than a fifth in Au...

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