We’re heading in the right direction, but they’re still not great numbers on the trade deficit.

Stats NZ data for October shows exports fell to $5.4 billion annually, with imports down to just over $7 billion on last year.

The annual trade deficit is $14.8 billion, slightly better than September's $15.41 billion.

Infometrics chief economist Brad Olsen told Kate Hawkesby that it's an improvement, but it remains a concern.

He says we're still importing more than we're exporting.

LISTEN ABOVE

We’re heading in the right direction, but they’re still not great numbers on the trade deficit. 
Stats NZ data for October shows exports fell to $5.4 billion annually, with imports down to just over $7 billion on last year. 
The annual trade deficit is $14.8 billion, slightly better than September's $15.41 billion. 
Infometrics chief economist Brad Olsen told Kate Hawkesby that it's an improvement, but it remains a concern. 
He says we're still importing more than we're exporting. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.