New Zealand trade balance for September NZD -1242m (vs. expected NZD -1400m)

NZ data, September trade balance a little better than expected at -1245m NZD

• expected NZD -1400m, prior NZD -1565m

exports NZD 4.47bn …. beat

• expected NZD 4.30bn, prior NZD 4.13bn

imports NZD 5.71bn

• expected NZD 5.70bn, prior NZD 5.69bn

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NZD impact is not much at all.