Podcasts Other The Mike Hosking Breakfast Sharon Zollner: ANZ Chief Economist on the trade deficit numbers for October

Sharon Zollner: ANZ Chief Economist on the trade deficit numbers for October

Published: Nov. 21, 2023, 7:11 p.m.

There are signs our annual trade deficit is closing, but not closing enough.\xa0

Stats NZ data for October shows it reduced to around $14.8 billion from more than $15 billion in September.\xa0

Exports have also fallen by more than 500 million dollars on last year, while imports were down by $1.2 billion.\xa0

ANZ Chief Economist Sharon Zollner told Mike Hosking that the gap is narrower, but still significant.\xa0

She says we've had an overheated economy with a lot of imports, and we're also working through what's been stocked up from shipping disruptions.\xa0

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