New Zealand saw a current account deficit of NZD2.2 billion in the first quarter of 2013, Statistics New Zealand said on Wednesday.
That missed forecasts for a shortfall of NZD0.635 billion following the revised deficit of NZD2.5 billion in the previous three months (originally reported as a deficit of NZD3.255 billion).
The current account deficit-to-GDP ratio was -4.8 percent, in line with expectations following the -5.0 reading in the previous quarter.
The capital account balance showed a shortfall of NZD70 million after coming in at -NZD55 million in Q4 of 2012.
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