NZ trade deficit widens in Sept as lower log, dairy prices weigh on exports

Thu, 23 Oct 2014

By Suze Metherell Oct. 24 (BusinessDesk) - New Zealand's monthly trade deficit widened more than expected in September as falling prices for logs and dairy products weighed on exports while imports were boosted by an incoming aircraft. The country's trade deficit widened to $1.4 billion in September, from a revised August deficit of $489 million and a shortfall of $221 million in the same month a year earlier, according to Statistics New Zealand. That was nearly double the $700 million deficit forecast in a Reuters poll of economists. Exc...

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