Analysts at TD Securities are looking for a balanced trade balance (mkt +$NZ150m) of New Zealand tomorrow.
Key Quotes
“We expect the seasonal boost in exports to reach $NZ5.5b, matching the likely decline in imports to $NZ5.5b due to the collapse in fuel prices. The latter is expected to boost Q4 terms of trade to 1.5%/q despite lower dairy prices. Our tracking is for the current account deficit to reach -3.9% of GDP and so far appears unlikely that trade will add to Q4 GDP growth.”
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