NZ posts bigger-than-expected trade deficit in August

Mon, 25 Sep 2017

By Tina Morrison Sept. 26 (BusinessDesk) - New Zealand posted a bigger-than-expected goods trade deficit in August as exports of milk powder, butter and cheese declined and imports of crude oil and petroleum products jumped higher. The country had a trade deficit of $1.235 billion in August, little changed from the $1.24 billion deficit in August last year but ahead of the $968 million average monthly deficit in August over the last five years, Statistics New Zealand said. The deficit was bigger than the $825 million median forecast in a...

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