Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

New Zealand Goods Trade Deficit Narrows as Imports Fall

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/22/2014 | 05:31pm EDT
   By Lucy Craymer 
 

WELLINGTON, New Zealand--New Zealand's goods trade deficit narrowed in November, coming in better than expected as imports fell more significantly than thought.

The country recorded a 213 million New Zealand dollar trade deficit for November and a NZ$453 million deficit for the year ended November, Statistics New Zealand said Tuesday. October's monthly figure was revised up to a NZ$911 million surplus, while the deficit for the 12-months to the end of October was revised slightly lower to NZ$87 million.

The median expectation in a Wall Street Journal survey of nine economists was for a deficit of NZ$550 million in November, and a deficit of NZ$810 million for the year.

New Zealand's exports were NZ$4 billion in November, down 9.5% on the same month a year go, as dairy exports fell sharply.

"The fall in export values reflects a return from the high values late last year, led by China," international statistics manager Jason Attewell said. "The trend for exports to China is 42% lower than the series peak in December 2013, and in now at similar levels to 2012."

Imports were down 1.3% on November 2013 and this was partly due to a fall in petrol and avgas imports.

Write to Lucy Craymer at lucy.craymer@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
06:59aDEVON COUNTY COUNCIL : Streetlight energy plan to slash council emissions by 36%
PU
06:57aEurofighter, NATO launch studies on long-term evolution of fighter
RE
06:57aMARKET SNAPSHOT: Stocks Look Set To Drift Up Near Records As Investors Await Crucial Fed Decision
DJ
06:55aOil inches down as inventory data counters trade deal hopes
RE
06:54aPetronas starts naphtha cracker at new Pengerang refinery
RE
06:53aOil inches down as inventory data counters trade deal hopes
RE
06:48aCentral banks' dovish cooing keeps world stocks lulled near two-week highs
RE
06:44aVietnam to impose anti-dumping tax on Chinese steel products - ministry
RE
06:39aGerman conservative slams Draghi for 'alarming' ECB policy comments
RE
06:39aSPEECH BY PRESIDENT JUNCKER AT THE EUROPEAN CENTRAL BANK FORUM ON CENTRAL BANKING 2019 CELEBRATING 20 YEARS OF THE ECONOMIC AND MONETARY UNION, 'BUILDING THE EURO : moments in time, lessons in history'
PU
Latest news "Economy & Forex"
Advertisement