NZ trade deficit shrinks more than expected as exports rise, imports fall

Wed, 23 Oct 2013

Oct. 24 (BusinessDesk) – New Zealand’s trade deficit narrowed more than expected last month as the nation exported more milk powder, butter and cheese while imports fell. The deficit was $199 million in September, down from a revised gap of $1.23 billion in August, according to Statistics New Zealand. The annual deficit was $1.54 billion, from $2.1 billion the previous month. A monthly deficit of $750 million was expected for an annual gap of $2.12 billion, based on a Reuters forecast. The New Zealand dollar recently traded at 84.13 US cents...

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