New Zealand`s trade balance deficit narrows

The trade balance, which is the difference between the imports and exports posted a deficit of $472 m. This beats the estimates of -$1125 m by a considerable margin.

The rise in exports were led by live animals and dairy according to the report. Other highlights include:
- Exports rise 6.9%
- Imports fall 12%
- Trade deficit in August
- Seasonally adjusted exports rise 15%
- Seasonally adjusted imports fall 2.8%
- Exchange rate movements

The narrowing of the deficit echos the solid GDP figures last week.