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New Zealand Has NZ$199 Million Deficit

New Zealand posted a merchandise trade deficit of NZ$199 million in January, Statistics New Zealand said on Monday.

That was well shy of forecasts for a surplus of NZ$167 million following the downwardly revised surplus of NZ$306 in December.

Imports jumped 19 percent on year to NZ$3.94 billion, beating expectations for NZ$3.51 billion following the upwardly revised NZ$3.99 billion in the previous month.

Exports climbed an annual 13 percent to NZ$3.74 billion, topping forecasts for NZ$3.70 billion following the downwardly revised figure of NZ$4.29 billion.

by RTTNews Staff Writer

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