NZ posts Trade Surplus in May of NZ$+858 Mio

NewZealand posted a Trade surplus for the fourth month in a row today, driven by a sharp fall in imports. A surplus of NZ$ 858 mio was reported for the month, the largest since 1993. It was much higher than the forecast of NZ$350 mio.

The annual Trade shortfall narrowed to NZ$3.04 Bio in the 12 months to May 31 from a revised NZ$4.07 bio in the year through April.

Exports rose 5.8% from a year ago and imports fell 21% from a year earlier.