NZ turns to trade surplus in January, on higher shipments of wood, dairy and fruit

Thu, 25 Feb 2016

By Tina Morrison Feb. 26 (BusinessDesk) - New Zealand unexpectedly posted a trade surplus in January as exports rose more than forecast, aided by higher shipments of wood, dairy and fruit. Statistics New Zealand said the country had a merchandise trade surplus of $8.1 million in January, compared with expectations for a $245.5 million deficit in a Reuters poll of economists. That's the first monthly surplus since May. Exports rose 5.9 percent to $3.9 billion from the year earlier month, ahead of the $3.74 billion forecast by economists...

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