Susan Kilsby, agriculture economist at ANZ, points out that for the New Zealand economy, October delivered an unadjusted monthly trade deficit of $1.01bn, which was slightly larger than expected. Key Quotes “On an unadjusted basis, export returns were up 4.3% y/y in October while imports were down 1.4%.” “Dairy export returns were strong, up 1.8% m/m on a seasonally adjusted (sa) basis, reflecting stronger prices as dairy export volumes were unchanged on a seasonally adjusted basis.” “Trade with Asia continues to grow with the value of exports to this region increasing 10.1% over the past year. This has primarily been due to a 19.8% increase in the value of exports to China which were worth $16.1bn in the 12 months to October.” “The value of goods imported in October actually decreased by 2.5% on a seasonally adjusted basis.” “Looking forward, export volumes for November will be bolstered by the normal seasonal increase in dairy production, although the volume of milk produced in October was 0.5% down y/y. Meat export volumes will be tempered by low throughput by processors at present. While import volumes may see a seasonal boost.” 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 Sources: There is a major push to get deal done and Phase One deal text is being finalized – WSJ FX Street 3 years Susan Kilsby, agriculture economist at ANZ, points out that for the New Zealand economy, October delivered an unadjusted monthly trade deficit of $1.01bn, which was slightly larger than expected. Key Quotes "On an unadjusted basis, export returns were up 4.3% y/y in October while imports were down 1.4%." "Dairy export returns were strong, up 1.8% m/m on a seasonally adjusted (sa) basis, reflecting stronger prices as dairy export volumes were unchanged on a seasonally adjusted basis." "Trade with Asia continues to grow with the value of exports to this region increasing 10.1% over the past year. This has primarily… Regulated 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.
