New Zealand had a merchandise trade deficit of NZ$1.0 billion in October, Statistics New Zealand said on Wednesday.

That was in line with expectations following the NZ$1.242 billion shortfall in September.

Imports were down 1.4 percent on year to NZ$6.0 billion – again matching forecasts after showing NZ$5.71 billion in the previous month.

Exports climbed an annual 4.3 percent to NZ$5.0 billion, in line with expectations and up from NZ$4.47 billion a month earlier.

The annual trade deficit was NZ$5.0 billion in October 2019, down from NZ$5.8 billion in the year ended October 2018.

The material has been provided by InstaForex Company –