Record December trade surplus, despite exports falling

Mon, 28 Jan 2013

Jan. 29 (BusinessDesk) - New Zealand recorded its biggest December month trade surplus since 1991 as imports, particularly of aircraft, fell more sharply than exports. The trade surplus was $486 million in December, equal to 12 percent of exports, roughly 10 times the average surplus of $49 million for December in the previous five years, Statistics New Zealand said. The headline result masks an underlying fall in exports for the month of December, led by receipts from dairy products, Traders expected a $105 million deficit but the NZ dolla...

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