New Zealand trade balance data for May: 350m surplus

  • expected is -100m, prior was +183m, revised from +123m

Exports, 4.36bn

  • expected 4.3bn, prior was 4.13bn, revised from 4.17bn

Imports, 4.01 bn

  • expected 4.30bn, prior was 3.95bn, revised from 4.04bn

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  • A much better trade balance for May, a surplus as opposed to the expected deficit.
  • Exports came in higher than expected, but note the small downward revision to the April export number
  • Imports came in lower, and the prior month's was revised lower as well. this will give the doubters on the NZ economy some cheer.