NZ trade deficit narrows in July from year earlier as imports fall faster than exports

Tue, 23 Aug 2016

By Jonathan Underhill Aug. 24 (BusinessDesk) - New Zealand's merchandise trade deficit narrowed in July from the same month last year as imports such as crude oil fell faster than exports such as milk powder and meat. The trade deficit was $433 million last month, from a surplus of $110 million in June and from a deficit of $730 million in July 2015, Statistics New Zealand said. The annual trade gap narrowed to $3.03 billion from $3.3 billion in the 12 months to June 30. A monthly deficit of $350 million and an annual gap of $2.98 billion...

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