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Current Account Returns To Deficit As Imports Rise

The seasonally adjusted current account deficit was $0.4 billion in the September 2020 quarter, compared with last quarter’s record surplus of $0.6 billion, Stats NZ said today.

The main contributor to the deficit was the rise in goods imports of $1.1 billion, following the fall in the June 2020 quarter.

“The rise in goods imports was mainly driven by an increase in car imports,” international statistics senior manager Peter Dolan said.

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  • Current account returns to deficit as imports rise
  • Net international liability position narrows as net external debt widens
  • Balance of payments and international investment position: September 2020 quarter
  • CSV files for download
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