New Zealand Has NZ$50 Million Trade Surplus In February

(RTTNews) - New Zealand had a merchandise trade surplus of NZ$50 million in February, Statistics New Zealand said on Wednesday.

That missed forecasts for a surplus of NZ$350 million following the downwardly revised NZ$33 million surplus in January (originally NZ$56 million).

Exports tumbled 13.0 percent on year to NZ$3.92 billion - well shy of forecasts for NZ$4.10 billion following the downwardly revised NZ$3.68 billion in the previous month (originally NZ$3.70 billion).

Imports climbed an annual 3.7 percent to NZ$3.87 billion versus forecasts for NZ$3.70 billion and up from NZ$3.64 billion a month earlier.