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.
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Economic News