Analysts at TDS note that the New Zealand’s trade surplus for May came in at NZ$294m, above consensus forecasts for a NZ$100m surplus but below TD’s NZ$500m expectation. Key Quotes “Exports fell 0.3%/m in May (following a 6% rise the previous month) while imports were down 4.3%/m.” “Business Confidence and Activity Gauges for June fell to 7m lows – Confidence fell from -27.2 in May to -39 and the Activity Outlook dropped to 9.4 from 13.6 in May. 48% of firms expect a deterioration in business conditions (9% see an improvement), employment intentions fell with just 17% expecting to hire and commercial construction intentions fell to the lowest since 2010. Expected profitability was -17, suggesting little scope to pass on cost increases.” 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 EOS price analysis: EOS/USD drops like a stone, down 8% on daily basis amid governance issues FX Street 4 years Analysts at TDS note that the New Zealand's trade surplus for May came in at NZ$294m, above consensus forecasts for a NZ$100m surplus but below TD's NZ$500m expectation. Key Quotes "Exports fell 0.3%/m in May (following a 6% rise the previous month) while imports were down 4.3%/m." "Business Confidence and Activity Gauges for June fell to 7m lows - Confidence fell from -27.2 in May to -39 and the Activity Outlook dropped to 9.4 from 13.6 in May. 48% of firms expect a deterioration in business conditions (9% see an improvement), employment intentions fell with just 17% expecting to hire… 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.
