NZ trade deficit narrows in November, as rising meat exports offset dairy weakness

Mon, 22 Dec 2014

By Suze Metherell Dec. 23 (BusinessDesk) - New Zealand posted its smallest November trade deficit in four years, beating economist forecasts, as falling dairy prices were offset by a rise in meat exports. The country's trade deficit narrowed to $213 million last month, the smallest November deficit since 2010 and down from October's deficit of $908 million. The trade balance was a surplus of $153 million in November last year, when exports were at record highs, according to Statistics New Zealand. A deficit of $500 million was expected l...

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