New Zealand’s trade balance beats forecast at $1.92 billion
New Zealand’s trade balance came in at $1.92 billion in April, more than double the forecast. This was driven by a rise in exports to $8.62 billion, up from $7.94 billion in March.
Exports increased while imports decreased to $6.70 billion from $7.25 billion in the prior month.
The significant beat on the trade balance is a positive sign for the economy.