NZ rounds out third monthly trade deficit as dairy exports fall

Mon, 26 Nov 2012

Nov. 27 (BusinessDesk) - New Zealand chalked up its third monthly trade deficit in October, repeating last year’s pattern, as shipments of dairy products fell and imports rose. The deficit was $718 million last month from a revised gap of $775 million a month earlier, according to Statistics New Zealand. The annual deficit widened to $1.37 billion from a deficit of $880 million in the 12 months through September. Exports in the month were valued at $3.46 billion, up from $3.3 billion in September, though down from $3.89 billion in October 20...

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