New Zealand trade balance for February: NZD +12m (expected -200m)

NZ trade balance showed an unexpected fall in exports in January

February data out now, a good 'bounce back' for exports:

Trade balance NZD 12m (surplus beats expectations for a deficit)

• expected -200m, prior -914m

Exports NZD 4.82bn (beat)

• expected 4.70 bn NZD, prior 4.40bn

Imports NZD 4.80bn

• expected 4.90 bn, prior 5.32bm