Global Economic News

New Zealand Has NZ$242 Million Trade Surplus In June

New Zealand had a merchandise trade surplus of NZ$242 million in June, Statistics New Zealand said on Wednesday.

That beat expectations for a surplus of NZ$150 million following the NZ$$103 million surplus in May.

Exports jumped 11.0 percent on year to NZ$4.70 billion - which also exceeded expectations for NZ$4.60 billion but was down from NZ$4.92 billion in the previous month.

Imports advanced an annual 7.7 percent to NZ$4.46 billion versus forecasts for NZ$4.40 billion and down from NZ$4.84 billion a month earlier.

by RTTNews Staff Writer

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