Global Economic News

New Zealand Posts NZ$60 Million Trade Deficit

New Zealand had a merchandise trade deficit of NZ$60 million in June, Statistics New Zealand said on Friday.

That beat forecasts for a shortfall of NZ$100 million following the NZ$350 million deficit in May.

Exports were up 1.3 percent in June to NZ$4.2 billion - topping forecasts for NZ$4.05 billion and down from NZ$4.36 billion in the previous month.

Imports jumped 9.0 percent to NZ$4.3 billion versus expectations for NZ$4.00 billion and up from NZ$4.01 billion a month earlier.

by RTTNews Staff Writer

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