Imports fall
PA Wellington The July restricted survey of overseas orders by private importers showed a continuing downward trend in value, the Government statistician said yesterday. At $261.2 million, the smoothed, seasonally adjusted value for July, excluding mineral fuels, showed a 0.8 per cent decline from June’s revised estimate. Compared with the July, 1987, value of $308.2 million, the latest figure represents a decrease of 15.2 per cent. Over the same period, the Reserve Bank’s dollar-exchange-rate index rose by 8.9 per cent. On unadjusted data, import orders, other than mineral fuels, placed during July were $261.6 million — a decrease of per cent over the revised June value of $271.3 million.
Apart from mineral fuels, iron and steel, food, beverages, tobacco, live animals, machinery and electrical equipment, the other commodity groups analysed, showed July orders decreased.
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Press, 24 September 1988, Page 36
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135Imports fall Press, 24 September 1988, Page 36
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