New Zealand's trade balance drops in August

Note: This section contains information in English only.
Source: ICN.com
New Zealand's economy posted its largest annual trade deficit in 3 years, with exports declining to a 19-month low due to a fall in diary shipments. Trade balance slid to a deficit of -789 million in August, from upwardly revised 97 million in July and exceeding analysts' estimate of -630 million. Exports slipped to 3.32 billion from 4.05 billion in July, while imports rose to 4.10 billion from 3.55 billion.

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