Nzd/USD Slips Due To The Deficit Of New Zealand
The deficit balance of running New Zealand already adjusted, on Wednesday (4/03) today reported experiencing a widening up to NZ $ 221 million in the December quarter last year 2015, leading to a deficit of NZ $ 1.2 billion, as outlined by the Bureau of Statistics New Zealand today.
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The deficit was further enlarged the triggered by jebloknya revenue from both sectors exports, goods and services. Within the last two years, the deficit balance of running New Zealand are in the range of $ 882 million and $ 1.5 billion.
The value of exports of goods New Zealand fell to NZ $ 554 million in the December quarter of 2015, led by sectors of processed milk. Almost all prices of products of processed milk in New Zealand jeblok up to 13 percent. The value of goods importsalso experienced also decline to $ 276 million in this quarter, following the record value of the imported goods on a three quarter in the year 2015.
"While the low price of oil import value decreased, making prices of processed milkproducts also declined in the quarter final last year so as to provide a greater impact on the exports of New Zealand, and produce a larger deficit," as expressed by international statistics Manager, Stuart Jones.
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