New Zealand trade deficit more than expected (overshadowed by the good GDP data)

The economic growth numbers from NZ for Q3 are here, a beat q/q:

• New Zealand Q3 GDP: 0.7% q/q (vs 0.5% expected)

Trade balance data for nove November is out also:

-753m

• expected -700m, prior -1039m

exports 5.23bn NZD

• expected 5.10bn, prior 5.01bn

imports 5.98bn

• expected 5.8bn, prior 6.05bn