Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


HiFX Data Update - NZ Q2 Current Account Release

The NZ Current Account Balance for Q2 2018 has just been released.

The Current Account Deficit was worse than expected (larger deficit):

Current Account Balance Q2 $1.62 bio Deficit (Consensus $1.32 bio Deficit)

Current Account Balance (seasonally adjusted) $2.67 bio Deficit
Year to June 2017 Current Account Balance $9.54 bio Deficit
Current Account Deficit as % of GDP 3.3% (Consensus 2.8%)

Revisions to prior quarters were worse than initially reported.

The NZD is marginally lower in immediate response.

Tomorrow brings NZ GDP (Q2) numbers.

Current indicative levels are:

NZD-USD 0.6585 / 0.6610
NZD-AUD 0.9110 / 0.9135
NZD-EUR 0.5635 / 0.5660
NZD-GBP 0.4995 / 0.5020
NZD-JPY 73.95 / 74.20

© Scoop Media

Business Headlines | Sci-Tech Headlines


Retail: International Websites To Pay GST

New rules would be aimed at imported goods valued at or below $1,000. Customs would retain responsibility for collecting GST on imported parcels valued more than $1,000. More>>


High-Level Advice: PM’s Business Advisory Council Membership Announced

The Prime Minister’s Business Advisory Council brings together a mix of experts, six women and seven men with small to large business experience, from across New Zealand, to provide advice. More>>


Improving: Report Shows New Zealand Air Quality 'Good'

Our air 2018, produced by the Ministry for the Environment and Stats NZ, shows that while some previously known issues persist, progress has been made and levels of some pollutants are declining. More>>


Greenpeace: Govt Extends OMV Exploration Permit

The Government has just granted oil giant OMV a two-year extension to drill in the Great South Basin, despite issuing a ban on new oil and gas exploration permits in April. More>>


Collective Bargaining For Contractors: Working Group's Model For Screen Sector

A recommended model to allow collective bargaining for contractors in the screen sector has today been unveiled by the Government-convened Film Industry Working Group. More>>


Kauri Dieback: DOC Closing Tracks To Protect Trees

The Department of Conservation will close 21 tracks across kauri land to help prevent the spread of kauri dieback. An additional 10 tracks will also be partially closed and the open sections upgraded... More>>