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- New Zealand’s seasonally adjusted current account deficit narrowed to $2.6 billion
New Zealand’s seasonally adjusted current account deficit narrowed to $2.6 billion
Figures compare September 2018 quarter with June 2018 quarter (unless otherwise stated):
New Zealand’s seasonally adjusted current account deficit narrowed to $2.6 billion, $102 million smaller than the June 2018 quarter deficit ($2.7 billion).
The annual current account deficit widened to $10.5 billion for the year ended September 2018 (3.6 percent of GDP) from the $7.4 billion deficit for the September 2017 year (2.7 percent of GDP).
In the September 2018 quarter:
The seasonally adjusted goods deficit narrowed to $997 million (down $343 million).
The seasonally adjusted services surplus narrowed to $1.1 billion (down $344 million).
The primary income deficit narrowed to $2.6 billion (down $65 million).
The financial account recorded a net outflow of $303 million.
There was a $6.5 billion imbalance recorded in the balance of payments
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