New Zealand’s Trade Balance deficit narrowed more than economists expected, printing at -$NZ517 million in the year to December versus forecasts calling for a -$NZ600 million result, marking the smallest shortfall in over seven years. The annual pace of decline in imports outpaced that of exports for the sixth consecutive month as inbound shipments sank 18.6% while overseas sales fell -11.3%, meaning the outcome owed to lackluster domestic demand rather than robust demand for New Zealand’s goods.
For real time news and analysis, please visit http://forexstream.dailyfx.com
To receive future articles by email, please contact Ilya at ispivak@dailyfx.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.
