Analysts at Australia and New Zealand Banking Group (ANZ) offer their afterthoughts on New Zealand’s Q2 Current Account data released earlier on Wednesday.
“The annual current account deficit narrowed from an upwardly revised $10.8bn in Q1 to $10.2bn in Q2 (or in ratio terms, by 0.2%pts from 3.6% of GDP to 3.4%).
In seasonally adjusted terms, the current account deficit narrowed $0.1bn from Q1, led by a narrowing goods deficit, with exports posting a decent lift.
New Zealand’s net international liability position widened $2bn from Q1 to $165.9bn, but was broadly stable as a share of GDP at 55.3%.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.