NZ BoP Current Account for Q4: NZD -2.77bn (expected NZD -2.45bn)

Author: Eamonn Sheridan | Category: News

New Zealand Balance of Payments Current Account for Q4 2017

NZD - 2.77bn comes in at a larger deficit than expected, and the prior revised larger also 

  • expected NZD -2.45bn, prior -4.833bn, revised from -4.68bn
Current Account to GDP Ratio YTD (i.e. YTD for Q4 means for the whole of 2017)  2.7%
  • expected -2.6%, prior -2.5%, revised from -2.6%
Some details:
  • good deficit narrowed, increasing exports (aircraft purchases boosted imports)
  • services surplus increased
  • it was the income deficit that increased, increased outflow to foreign investors
NZD had a wobble but is back to little change compared with the immediate pre-reelase level. 
For more background on this, check out the post from earlier here