NZ: Trade deficit likely to narrow – TDS

The research team at TD Securities expect the New Zealand’s trade deficit to narrow a little to -$NZ1.3b (mkt -$NZ1.365b).

Key Quotes

“As a seasonal pickup in exports to $NZ4.3b offsets the bulging import bill of $NZ5.6b via higher imported fuel costs (oil and lower NZD).”