NZ: Trade deficit worse than expected as exports hit a 3yr low - TDS

Research Team at TDS, notes that the NZ’s August Trade deficit at -$NZ1.265b was worse than $NZ735m expected. 

Key Quotes

“Exports hit a 3yr low, not a complete surprise given exports tend to be softer over Winter. However the jump in imports to a 9-month high was the surprise on rising car imports and machinery, underscoring a strong consumer and ongoing industry investment.”