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.

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

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

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

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

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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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