NZ trade surplus wider than expected in June on increased dairy exports

Tue, 24 Jul 2012

By Paul McBeth July 25 (BusinessDesk) - New Zealand's trade surplus was wider than expected in the month of June as the country's dairy producers sold more product overseas. The surplus was $331 million last month, up from a revised $232 million in May, according to Statistics New Zealand. That's wider than the $134 million forecast in a Reuters survey. The annual deficit of $747 million, or 7.9 percent of exports, was smaller than the expected $870 million shortfall. Exports rose 6.2 percent to $4.2 billion in June, with a 9.9 percent lif...

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