New Zealand Unexpectedly Posted Small Trade Surplus in January

New Zealand unexpectedly posted its first trade surplus in eight months in January, driven by exports outside the troubled dairy industry.

The South Pacific nation had an NZ$8 million ($5.4 million) trade surplus in the first month of 2016, its first since May last year, Statistics New Zealand said in Wellington Friday. Economists expected a NZ$271 million deficit, according to the median of 12 forecasts in a Bloomberg survey.