New Zealand prints lowest trade deficit since mid 90s

FXstreet.com (Barcelona) – New Zealand October trade deficit came at its lowest level since the mid-1990s, with the trade balance for October 2013 shrinking to a deficit of $168 million.

Overseas Merchandise Trade: October 2013 – Media Release

The trade balance for October 2013 was a deficit of $168 million, Statistics New Zealand said today. This is the lowest deficit for an October month since the mid-1990s. October months historically have trade deficits.

“The low trade deficit was due to exported goods recording the highest value for an October month,” industry and labour statistics manager Louise Holmes-Oliver said. “It was the …read more