New Zealand trade balance deficit narrowed more than forecasts in November to record NZ$269 million compared with a previous deficit of NZ$487 million, while forecasts referred to NZ$299 million. The shortfall narrowed to NZ$846 million in the year ended November 30 from a revised deficit of NZ$1.17 billion.

Moreover, exports recorded NZ$3.07 billion in November compared with NZ$2.97 billion in October and it came less than analyst's estimates of NZ$3.18 billion. As for the nation's imports, it recorded NZ$3.34 billion less than the previous NZ$3.45 billion, while it was anticipated to record NZ$3.42 billion.