New Zealand Trade Deficit Narrows

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New Zealand's November trade deficit shrank to a 7-year low in November.

Statistics NZ reported Thursday that the deficit was NZ$269 million, its lowest level since September 2002.

November exports were valued at $3.1 billion, down 16.7 percent from one year earlier. Exports fell for the 6th straight month.

Imports were down 22 percent at $3.3 billion. Imports were down for the eighth straight month.

(Market News Provided by RTTNews)