New Zealand trade balance for October: NZD -1013m (expected NZD -1000m)
A very slight miss for the headline New Zealand trade balance for October, comes in at -1013m NZD:
- expected NZD -1000m, prior NZD -1242m
- exports are at 5.03bn vs. expected NZD 5bn, prior NZD 4.47bn
- imports at 6.05bn vs. expected NZD 6bn, prior NZD 5.71bn
A small beat for exports and also for imports. At face value some good numbers.