28.01.2015 23:05:22

New Zealand Has NZ$159 Million Trade Deficit

(RTTNews) - New Zealand had a merchandise trade deficit of NZ$159 million in December, Statistics New Zealand said on Thursday.

That missed forecasts for a surplus of NZ$75 million following the downwardly revised NZ$285 million shortfall in November (originally -NZ$213 million).

Exports were down 6.9 percent on year to NZ$4.42 billion, while imports climbed an annual 7.6 percent to NZ$4.58 billion.