Wider annual current account deficit meets expectations

Wider annual current account deficit meets expectations
Rebecca Howard
By Rebecca Howard June 19 (BusinessDesk) - New Zealand’s annual current account deficit widened in the March quarter, as the goods and services balance swung to a deficit as expected. The annual deficit was $10.6 billion, or 3.6 percent of gross domestic product in the three months ended March 31, versus an annual deficit of $8.5 billion, or 3 percent of GDP, in the same period a year earlier, Stats NZ said. Economists had forecast an annual deficit of 3.5 percent of GDP in a Bloomberg poll. The dollar recently traded at 65.29 US cents...

More Economy

Business confidence nixes July RBNZ cut
Economy

Business confidence nixes July RBNZ cut

Economists say July is a pause, not the end point.

Rebecca Howard 02 Jul 2025
Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025