New Zealand Q2 current account balance

  • expected is -1.0bn, prior was +1.407bn

From Statistics New Zealand:

  • “The value of goods exports fell over a range of commodities, with dairy the most significant contributor this quarter”
  • New Zealand’s annual current account was a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014
  • This compares with $6.0 billion (2.7 percent of GDP) for the year ended March 2014
  • The latest deficit is $2.1 billion smaller than that for the year ended June 2013, which was 3.7 percent of GDP

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Deficit is the smallest since Q4 2010