Market news
14.03.2018, 06:54

New Zealand's trade balance deficit rose more than expected q/q

  • New Zealand's seasonally adjusted current account deficit was $1,951 million in the December 2017 quarter, up $407 million from the September 2017 quarter.

  • The annual current account deficit increased to $7,722 million for the year ended December 2017 (2.7 percent of GDP), up from the revised $5,985 million deficit for the year ended December 2016 (2.2 percent of GDP).

In the December 2017 quarter

  • The seasonally adjusted goods deficit widened to $465 million, up $385 million.

  • The seasonally adjusted services surplus decreased to $1,164 million, down $16 million.

  • The primary income deficit widened to $2,733 million, up $217 million.

  • Secondary income was a $83 million surplus, up $211 million from a $128 million deficit in the September 2017 quarter.

  • The financial account had a net inflow of $1,498 million.

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