NZ: Trade balance slips into deficit of $NZ113m - TDS

Analysts at TD Securities notes that there was a miss in the monthly trade balance of New Zealand economy for June at -$NZ113m, with much stronger imports of fuel than they expected.

Key Quotes

“Q2 exports were solid across the board: dairy +8%/q, and meats, logs and fruit all strong in the qtr. Trade continues to be a good news story for NZ.”