New Zealand July Trade Shortfall NZ$1.9 Billion

India, Aug. 20 -- New Zealand posted a seasonally adjusted merchandise trade deficit of NZ$1.9 billion in July, Statistics New Zealand said on Friday/

That badly missed forecasts for a shortfall of NZ$175 million following the NZ$23 million deficit in June.

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });

Exports climbed 14 percent on year to NZ$7.4 billion, down from NZ$8.09 billion in the previous month.

Imports spiked an annual 28 percent to NZ$9.3 billion, up sharply from NZ$8.07 billion a month earlier.

For comments and feedback contact: [e-mail]

Published by HT Digital Content Services with permission from RTT News....