New Zealand posted a seasonally adjusted current account deficit of NZ$2.6 billion in the first quarter of 2019, Statistics New Zealand said on Wednesday - following the NZ$3.256 billion shortfall in the three months prior.
The current account/GDP ratio was down 3.6 percent on year versus expectations for a drop of 3.5 percent after sliding 3.7 percent in the previous quarter.
Seasonally adjusted goods imports were down NZ$76 million and exports up NZ$17 million from the December 2018 quarter, resulting in a narrowing of the goods deficit to NZ$1.1 billion.
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