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New Zealand Q2 Current Account Deficit NZ$1.797 Billion

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

New Zealand saw an unadjusted current account deficit of NZ$1.797 billion in the second quarter of 2012, Statistics New Zealand said on Wednesday.

That missed expectations for a shortfall of NZ$1.620 billion following the upwardly revised deficit of NZ$1.072 billion in the first quarter.

The current account/GDP ratio was -4.9 percent, topping forecasts for a 5.2 percent contraction after dipping 4.8 percent in the previous three months.

Seasonally adjusted, the current account deficit was NZ$2.9 billion.

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