Con Williams, Agri Economist at ANZ, notes that New Zealand’s May trade balance remained healthy at a $294m surplus and the annual deficit narrowed back to $3.6bn. Key Quotes “An unadjusted trade surplus of $294m was stronger than expected. Some downward revisions to the month before provided an offset, but the annual deficit managed to narrow back to $3.6bn. The big picture view remains the same with broad-based strength across most export sectors. China remains at the front of the queue.” “In seasonally adjusted terms export values were largely unchanged in May. The best performers were meat, forestry and infant formula.” “Imports were on the softer side largely due to a fall in the volatile crude/petroleum categories. In seasonally adjusted terms, imports dropped 4.3%.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US-China trade war has escalated – Nomura FX Street 3 years Con Williams, Agri Economist at ANZ, notes that New Zealand's May trade balance remained healthy at a $294m surplus and the annual deficit narrowed back to $3.6bn. Key Quotes "An unadjusted trade surplus of $294m was stronger than expected. Some downward revisions to the month before provided an offset, but the annual deficit managed to narrow back to $3.6bn. The big picture view remains the same with broad-based strength across most export sectors. China remains at the front of the queue." "In seasonally adjusted terms export values were largely unchanged in May. The best performers were meat, forestry and infant… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
