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

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

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

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

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.

LISTEN ABOVE

There are signs our annual trade deficit is closing, but not closing enough. 
Stats NZ data for October shows it reduced to around $14.8 billion from more than $15 billion in September. 
Exports have also fallen by more than 500 million dollars on last year, while imports were down by $1.2 billion. 
ANZ Chief Economist Sharon Zollner told Mike Hosking that the gap is narrower, but still significant. 
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. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...