NZ Q1 current account balance (actual)
-NZ$1.008B
exp -NZ$0.967B, prev -NZ$5.984B
NZ Q1 seasonally adjusted current account
-NZ$4.552B
prev -NZ$4.452B
NZ year to March current account
-NZ$16.3B / -3.6% of GDP.
The sharp narrowing in NZ deficit will offer the RBNZ some modest comfort on external balance pressures.
I’ll have more to come on this separately
This article was written by Eamonn Sheridan at investinglive.com.