NZ current account deficit widens in 3Q as dairy exports fall, more Kiwis travel

Tue, 19 Dec 2017

By Rebecca Howard Dec. 20 (BusinessDesk) - New Zealand's current account deficit widened in the third quarter as a seasonal fall in dairy exports and increase in Kiwis travelling abroad while imports rose. The deficit was $4.68 billion in the three months ended Sept. 30 versus a revised second-quarter deficit of $514 million, Statistics New Zealand said. The annual deficit was $7.1 billion, or 2.6 percent of gross domestic product versus an annual deficit of $7.14 billion, or 2.7 percent of GDP, in the prior year. The annual current accou...

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