NZ record smallest October trade deficit since mid-1990s, on record exports for month

Tue, 26 Nov 2013

Nov. 27 (BusinessDesk) – New Zealand posted its smallest October trade deficit since the mid-1990s as milk powder, butter and cheese shipments drove exports to a record for the month. The trade deficit narrowed to $168 million last month, from $216 million in September, narrowing the annual trade gap to $1 billion from $1.55 billion, according to Statistics New Zealand. The trade figures compared to a forecast deficit of $350 million in the month and $1.14 billion in the year in a Reuters survey. Exports rose by 23 percent, or $783 million,...

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