New Zealand exports reached a new record in March, helped by a "bumper" kiwifruit harvest, and high prices for meat and dairy products, Statistics NZ has reported. Exports in March were up 3.8 percent on a year ago at $5.8b, eclipsing the previous record set in May last year.
A record $4.5 billion was wiped off the value of KiwiSaver funds in the March quarter as markets tumbled amid the outbreak of the Covid-19 coronavirus. The total value of KiwiSaver funds fell from $63.6b as of the end of 2019 to $59.1b on March 31, Morningstar figures show. Tim Murphy, Morningstar director of manager research, Asia-Pacific, said the March quarter returns reflected underlying weakness in global share markets.
There are three new cases of Covid-19 in New Zealand - the 12th day in a row of single-digit case numbers. Director general of health Ashley Bloomfield also had no further deaths to report. He confirmed there are a total of 1476 Covid-19 cases in New Zealand, 347 of which are considered probable. As 1241 people have recovered, the number of active cases is 235 – about 83 of all confirmed cases have recovered. Seven people are in hospital and no one is in ICU.