NZ trade surplus narrows as expected in April as whole milk powder exports decline

Mon, 25 May 2015

By Tina Morrison May 26 (BusinessDesk) - New Zealand’s trade surplus narrowed as expected in April as whole milk powder exports to China declined. Statistics New Zealand said the trade surplus was $123 million in April, compared with the $100 million expected in a Reuters poll of economists. That’s smaller than the $754 million surplus in March, which was revised higher from the $631 million initially reported. The annual trade deficit was $2.62 billion, compared with the $2.79 billion expected in the Reuters poll, marking the largest...

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