New Zealand trade balance data for September, exports & imports both up m/m

New Zealand trade balance for September -2171m NZD (record trade deficit)

  • prior NZD -2144m

exports 4.4bn

  • prior NZD 4.35bn

imports NZD 6.57bn, third successive month of record imports

  • prior NZD 6.49bn

  • Says Stats NZ: "These three consecutive record months for imports are a reflection of both the higher prices New Zealanders are paying for consumer goods, and strong demand for capital goods such as machinery used in construction, and passenger vehicles,"

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