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


NZ's Space Programme: Rocket Lab Launches NASA Satellites

On Sunday, December 16, 2018 UTC, Rocket Lab’s Electron launch vehicle successfully lifted off from Rocket Lab Launch Complex 1 on New Zealand’s Māhia Peninsula. More>>


Conservation Plan: Celebrity Kiwi Released Into The Wild

One of the nation's most famous kiwi was among four released onto Taranaki Maunga... Atara, a five-year-old male, hatched while David Attenborough's cameras were rolling. More>>


Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>


Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>