Investing.com - New Zealand’s trade surplus widened further than expected during April, official data showed Thursday.
In a report, New Zealand’s statistics office said the surplus rose during the month to NZD 646 million, from NZD 590 million in March, whose figure was revised upwards from NZD 567.
Economists had expected April’s figure to come in at NZD 455 million.
The data took New Zealand’s annual trade balance into the black for the first time since July 2002.
Following the release of the data, the kiwi was up 1.43% against the U.S. dollar, with NZD/USD climbing to 0.6724.
In a report, New Zealand’s statistics office said the surplus rose during the month to NZD 646 million, from NZD 590 million in March, whose figure was revised upwards from NZD 567.
Economists had expected April’s figure to come in at NZD 455 million.
The data took New Zealand’s annual trade balance into the black for the first time since July 2002.
Following the release of the data, the kiwi was up 1.43% against the U.S. dollar, with NZD/USD climbing to 0.6724.