In the latest economic update from New Zealand, the country's trade balance showed improvement in March 2024. According to the data released on 23 April 2024, the previous trade balance indicator for February 2024 was at -11990 million, while the current indicator for March 2024 has improved to -9870 million. This indicates a positive change in the trade balance.
The comparison, which is year-over-year, shows how the trade balance has evolved compared to the same month a year ago. This improvement is a positive sign for the New Zealand economy, indicating potentially increased exports or reduced imports. The data suggests a step in the right direction for the country's trade position and will likely be welcomed by policymakers and market participants alike.
