NZ posts first trade deficit for June in six years as imports jump

Thu, 23 Jul 2015

By Tina Morrison July 24 (BusinessDesk) - New Zealand posted its first trade deficit for a June month in six years as imports rose more than expected. Statistics New Zealand said the country had a trade deficit of $60 million in June, its first deficit for the month since 2009, and contrary to economist expectations in a Reuters poll for a $100 million surplus. It compares with a $240 million surplus for the year earlier month and a revised $371 million surplus in May. Imports in June rose 9 percent from the year earlier to $4.29 billi...

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