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NZ reaches first trading surplus in several months

Author
Newstalk ZB,
Publish Date
Wed, 24 Apr 2024, 8:11pm
S&P says NZ's credit rating could be downgraded if the trade deficit doesn't narrow as expected. Photo / Michael Craig
S&P says NZ's credit rating could be downgraded if the trade deficit doesn't narrow as expected. Photo / Michael Craig

NZ reaches first trading surplus in several months

Author
Newstalk ZB,
Publish Date
Wed, 24 Apr 2024, 8:11pm

New Zealand has achieved its first trading surplus since last May.

Stats NZ trade data for March 2024 shows a monthly surplus of $588 million.

Goods exports rose 3.8 percent in March on March 2023 - driven by fruit exports, which rose $170 million.

ANZ economist Henry Russell says this is down to a post-pandemic bounce-back - and a weakening domestic economy.

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