NZ trade deficit edges lower in September as Australian exports, imports shrink

Thu, 25 Oct 2012

Oct. 26 (BusinessDesk) - New Zealand's trade deficit narrowed in September as imports and exports across the Tasman shrank, led by falling international dairy sales and declining foreign machinery purchases. The trade deficit of $791 million in September was narrower than a revised $809 million a month earlier, according to Statistics New Zealand. The shortfall was almost identical to the same month a year earlier, and smaller than the $825 million deficit forecast in a Reuters survey of economists. The annual deficit of $888 million was in...

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