24 May 2013
Flash: The trade surplus fell - TD Securities
FXstreet.com (London) - Research teams noted that the trade surplus fell to $NZ157m in April, from $NZ732 in March, below consensus expectation of $NZ500m.
They explained that the weakness was driven both by lower exports and higher imports. Despite a 22% m/m jump in dairy prices, exports eased slightly, likely affected by the North Island drought.
They explained that the weakness was driven both by lower exports and higher imports. Despite a 22% m/m jump in dairy prices, exports eased slightly, likely affected by the North Island drought.