NZ posts seventh monthly trade surplus in May, led by demand for dairy products

NZ posts seventh monthly trade surplus in May, led by demand for dairy products
By Tina Morrison June 27 (BusinessDesk) - New Zealand posted its seventh monthly trade surplus in May, led by overseas demand for the nation's primary products such as milk powder, butter and cheese. The country had a trade surplus of $285 million in May, from $498 million in April and $40 million a year earlier, Statistics New Zealand said. The annual trade balance turned to a surplus of $1.37 billion from a deficit of $901 million a year earlier. The trade figures lagged expectations for a monthly surplus of $300 million and an annual s...