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27 Jun 2013
New Zealand Trade figures disappoint
FXstreet.com (New York) - The overnight tranche of economic data in New Zealandcommenced with a series of disappointments Thursday.
In New Zealand, the Trade Balance (MoM) came in at $71M in May, vastly underperforming expectations of $400M, and compared with a figure of $157M previously.
In addition, the Trade Balance (YoY) yielded a figure of $-0.87B in May, missing estimates of $-0.52B. Imports and Exports (May) came in at $4.01B (against a projection of $4.05B), and $4.08B (vs. estimates of $4.45B) respectively.
In New Zealand, the Trade Balance (MoM) came in at $71M in May, vastly underperforming expectations of $400M, and compared with a figure of $157M previously.
In addition, the Trade Balance (YoY) yielded a figure of $-0.87B in May, missing estimates of $-0.52B. Imports and Exports (May) came in at $4.01B (against a projection of $4.05B), and $4.08B (vs. estimates of $4.45B) respectively.