NZ's monster May trade surplus confirmed
Statistics New Zealand today trimmed just $2 million off a surprise monster May trade surplus that was foreshadowed in preliminary figures released last month.
Thursday, July 8th 2004, 7:56AM
by The Landlord
Economists had predicted a surplus of just $91m.
A whopping increase in the value of goods exported during May was the principal reason for the month's trade balance soaring to the biggest one month surplus since May 2001.
Exports jumped in May to $3.37 billion from $2.69b in April and $2.76b in May 2003.
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