Unexpectedly large NZ trade deficit in Sept, dairy exports weak

Unexpectedly large NZ trade deficit in Sept, dairy exports weak
Tina Morrison
By Tina Morrison Oct. 27 (BusinessDesk) - New Zealand's trade deficit widened unexpectedly last month as dairy exports declined and imports remained stronger than anticipated. Statistics New Zealand said the trade deficit widened to $1.22 billion in September, from $1.08 billion in August, larger than the $825 million deficit forecast by economists. That compares with a $1.36 billion deficit in September last year. The country's exports rose 2 percent to $3.69 billion in September, lagging behind the $3.9 billion expected by economists...