NZ current account deficit narrows in 4th qtr on primary exports, tourism spending recovery

Tue, 13 Mar 2018

By Rebecca Howard March 14 (BusinessDesk) - New Zealand's current account deficit narrowed in the fourth quarter as goods and services exports were fuelled by a recovery in primary exports and spending by tourists. The deficit was $2.77 billion in the three months ended Dec. 31 versus a revised third-quarter deficit of $4.83 billion, Statistics New Zealand said. Economists polled by Bloomberg predicted a fourth-quarter current account deficit of $2.5 billion. The kiwi was little changed at 73.24 US cents as at 11am from 73.27 cents immedi...

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