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New Zealand Has NZ$1.273 Billion Trade Deficit In March
(RTTNews) - New Zealand posted a merchandise trade deficit of NZ$1.273 billion in March, Statistics New Zealand said on Wednesday.
That missed expectations for a shortfall of NZ$920 million following the downwardly revised NZ$796 million deficit in February (originally -NZ$714 million).
Exports were up 0.6% on year to NZ$6.51 billion, beating forecasts for a gains of NZ$6.10 billion and up from the downwardly revised NZ$5.06 billion in the previous month (originally NZ$5.23 billion).
Imports jumped an annual 10 percent to NZ$7.78 billion versus expectations for NZ$6.80 billion following the downwardly revised NZ$5.86 billion a month earlier (originally NZ$5.95 billion).
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New Zealand Has NZ$142 Million Trade Surplus In June
New Zealand posted a seasonally adjusted merchandise trade surplus of NZ$142 million in June, Statistics New Zealand said on Tuesday.
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The New Zealand dollar weakened against most major currencies in the Asian session on Thursday.
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New Zealand Manufacturing Sector Improves In June - BusinessNZ
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New Zealand Holds Key Rate As Expected
The Reserve Bank of New Zealand left its benchmark interest rate unchanged on Wednesday citing elevated level of uncertainty and near-term risks to inflation. The Monetary Policy Committee, governed by Christian Hawkesby, decided to hold the Official Cash Rate at 3.25 percent. The bank has paused the easing cycle for the first time since it started cutting rates in August 2024.
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New Zealand Building Permits Jump 10%In May
The number of building permits issued in New Zealand was up a seasonally adjusted 10 percent on month in June, Statistics New Zealand said on Tuesday - coming in at 3,151.
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