New Zealand trade balance

Trade balance, 292m

  • expected is 25m, prior was 117m

Exports, 4.30bn

  • expected is 4.08bn, prior was 4.20bn

Imports, 4.01bn

  • expected is 3.98bn, prior was 4.09bn

From Stats NZ:

  • Goods exports rose 4.0 percent in April 2016
  • "Rises in exports of our smaller commodities, such as fruit, are offsetting the falls in the dairy sector," senior manager Nicola Growden said.
  • Imports of consumer products including clothing, medicine, furniture, and household electrical appliances more than offset a fall in imports of aircraft in April.
  • The total value of goods imported in April 2016 was up 1.5 percent)
  • The rise in consumption goods values was driven by the lower New Zealand dollar and higher import volumes. Monthly values of consumption goods have continued to rise when compared with the same month of the previous year
  • Capital goods were down $101 million (10 percent), led by a fall in transport equipment (such as aircraft).

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NZD higher on the trade balance beat. the death of the NZ economy has been greatly exaggerated

I've included the ad under the chart pic ....

Stage 1 is being short NZD over the trade data :-D