NZ narrows monthly trade deficit as live animal, dairy exports rise, imports fall

Tue, 23 Sep 2014

By Suze Metherell Sept. 24 (BusinessDesk) - New Zealand posted a narrower trade deficit in August as exports of live animals and dairy products underpinned international sales, and imports from major trading partners declined. The trade deficit shrank to $472 million in August from a revised July deficit of $724 million, and a shortfall of $1.24 billion in the same month a year earlier, according to Statistics New Zealand. That was below the $1.27 billion trade shortfall forecast in a Reuters poll of economists. The New Zealand dollar...

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