New Zealand posts monthly trade surplus in February

[WELLINGTON] New Zealand posted a trade surplus of NZ$339 million (S$310.3 million) in February, data from Statistics New Zealand showed on Thursday The annual trade deficit to narrowed to NZ$3.32 billion from $3.58 billion the previous month.

Economists polled by Reuters had forecast a monthly surplus of NZ$50 million.

Exports totalled NZ$4.25 billion for the month, up from NZ$3.90 billion the previous month. Imports came in at NZ$3.91 billion versus NZ$3.89 billion.

REUTERS