NZ trade swings back into deficit despite broad export gains

New Zealand’s trade balance flipped back into deficit in July, with imports outpacing exports despite solid overseas demand. Goods exports climbed 10% yoy to NZD 6.7 billion, but imports rose 2.6% yoy to NZD 7.3 billion, leaving a monthly deficit of NZD -578 million compared with expectation of NZD 70 million surplus. Export performance was […]

The post NZ trade swings back into deficit despite broad export gains appeared first on Action Forex.