NZ August trade deficit tad wider than expected on more imports

Tue, 24 Sep 2019

By Rebecca Howard Sept. 25 (BusinessDesk) - New Zealand’s August trade deficit was $1.6 billion, slightly wider than economists had expected, as imports came in higher than forecast. Economists polled by Bloomberg had expected a monthly deficit of $1.4 billion and an annual deficit of $5.4 billion. The annual deficit came in at $5.48 billion, Stats NZ said. Exports rose 3.8 percent, or $151 million, to $4.1 billion in August from a year earlier. Imports, meanwhile, rose $149 million, or 2.7 percent, to $5.7 billion. Economists had e...

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