New Zealand Has NZ$789 Million Trade Deficit In August

New Zealand Has NZ$789 Million Trade Deficit In August


New Zealand saw a seasonally adjusted merchandise trade deficit of NZ$789 million in August, Statistics New Zealand said on Wednesday.
That was well shy of forecasts for a shortfall of NZ$630 million after posting an upwardly surplus of NZ$97 million in July.
Exports were down 3.4 percent on year to NZ$3.32 billion - also missing expectations for NZ$3.55 billion after coming in at NZ$4.00 billion in the previous month.
Imports fell an annual 0.4 percent to NZ$4.10 billion, in line with forecasts after showing NZ$3.99 billion a month earlier.