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New Zealand Has NZ$1.565 Billion Trade Deficit In August

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New Zealand Has NZ$1.565 Billion Trade Deficit In August

New Zealand had a merchandise trade deficit of NZ$1.565 billion in August, Statistics New Zealand said on Wednesday.

That missed expectations for a shortfall of NZ$1.4 billion following the NZ$685 million deficit in July.

Exports were up 3.8 percent on year to NZ$4.13 billion, the statistics bureau said, exceeding estimates for NZ$4.10 billion and down from NZ$5.03 billion in the previous month.

Imports advanced an annual 2.7 percent to NZ$5.69 billion versus forecasts for NZ$5.58 billion and down from NZ$5.71 billion a month earlier.

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