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New Zealand Trade Deficit NZ$1.242 Billion In September

New Zealand posted a merchandise trade deficit of NZ$1.242 billion in September, Statistics New Zealand said on Wednesday.

That exceeded expectations for a shortfall of NZ$1.375 billion following the NZ$1.565 billion deficit in August.

Exports were up 5.1 percent on year to NZ$4.47 billion, beating forecasts for NZ$4.30 billion and up from NZ$4.13 billion in the previous month.

Imports fell an annual 2.1 percent to NZ$5.71 billion versus expectations for NZ$5.70 billion and up from NZ$5.69 billion a month earlier.

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