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.
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For more background on this, check out the post from earlier here