New Zealand - February trade balance comes in at a surprise surplus of 217M NZD
- expected -100m, prior -566m
Exports NZD 4.46bn ... a miss on what was expected
- expected 4.56bn, prior 4.31bn
Imports NZD 4.24bn ... well below the expected ... lower imports will raise questions over the strength of the NZ economy, although other indicators do show its on track for growth continuing
- expected 4.63bn, prior 4.87bn
Year to date trade balance NZD -3019m
- expected deficit of 3225m
- prior -3218m
NZD not doing too much at all on the session so far
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If you missed the new news out of New Zealand earlier:
