New Zealand posts monthly trade surplus of NZ$127m in June

[WELLINGTON] New Zealand posted a monthly trade surplus of NZ$127 million (S$121.1 million) in June, data from Statistics New Zealand showed on Tuesday, while the annual deficit was NZ$3.3 billion.

Economists polled by Reuters had forecast a monthly surplus of NZ$150 million and an annual deficit of NZ$3.3 billion.

Exports totalled NZ$4.26 billion for the month while imports were NZ$4.13 billion.

REUTERS