Miles Workman, senior economist at ANZ, points out that the New Zealand’s unadjusted monthly trade balance posted a solid $922m surplus in March, well above ANZ, and market, expectations of $300m and $130m respectively. Key Quotes “The surprise was on both sides: exports at $5.7bn (a record high) were above expectations, and imports at $4.8bn were below.” “On a seasonally adjusted basis, exports increased 11.5% m/m, with all major categories except seafood rising.” “Seasonally adjusted imports fell 1.3% m/m, with weakness concentrated in textiles (down 26.9%).” “China remains at the top of the export destinations list, up a whopping 52.1% versus March last year. Year-to-date exports to China trended higher, up 20.8% y/y.” “Over Q1, the seasonally adjusted goods deficit narrowed $700m to $1.0bn, with exports up 2.0% and imports down 2.5%.” “Looking forward, we expect to see ongoing broad-based strength in export values. But in seasonally adjusted terms, it appears much of the pipeline strength for volumes is now working its way through the trade data, suggesting positive net exports contributions to GDP growth are poised to fade heading into mid-2019.” 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 Russia’s Novak: Russia, Poland, Ukraine and Belarus will hold talks in Minsk on Friday FX Street 4 years Miles Workman, senior economist at ANZ, points out that the New Zealand's unadjusted monthly trade balance posted a solid $922m surplus in March, well above ANZ, and market, expectations of $300m and $130m respectively. Key Quotes "The surprise was on both sides: exports at $5.7bn (a record high) were above expectations, and imports at $4.8bn were below." "On a seasonally adjusted basis, exports increased 11.5% m/m, with all major categories except seafood rising." "Seasonally adjusted imports fell 1.3% m/m, with weakness concentrated in textiles (down 26.9%)." "China remains at the top of the export destinations list, up a whopping 52.1%… 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.
