New Zealand - trade balance for October: -846m (vs. expected -971m)

NZ trade deficit data for October

Trade balance, -846m, a beat and a big improvement on September

• expected -971m, prior was -1394m, revised from -1436m

Exports, 3.90bn ... a beat for exports

• expected 3.76bn, prior was 3.46bn, revised from 3.47bn
• exports +2.2% y/y

Imports, 4.74bn

• expected 4.66bn, prior was 4.86bn, revised from 4.90bn

Not much of a response from the NZD. This data point is not much of a market mover.