August trade balance, -472m
- expected -1125m, prior was -692m
August exports, 3.52bn
- expected 3.20bn, prior was 3.70bn
August imports, 4.00bn
- expected 4.45bn, prior was 4.40bn
Trade balance 12mths year to date 2018m
- expected 1360m, prior was 1287m
From Statistics New Zealand:
- Goods exports rose $227 million in August 2014 compared with August 2013, to $3.5 billion, Statistics New Zealand said today.
- Live animals led the rise in exports, due to live cattle. Milk powder, butter, and cheese exports also contributed to the increase, led by higher quantities.
- The 16-percent rise in milk powder, butter, and cheese was led by milk fat and cheese.
- “Cattle, milk fat, and cheese contributed to the rise in exports,” international statistics manager Jason Attewell said. “It is the first time in three years that a rise in dairy was not led by milk powder.
Earlier on the Kiwi: