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.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.