NZ: Q1 current account deficit was -2.7% - TDS

Analysts at TDS note that New Zealand’s Q1 current account deficit was -2.7%, slightly off a notch from our forecast (mkt -2.6% of GDP).

Key Quotes

“Primary income deficit widened, amid increased outflow as income earned by foreign investors increased. However, we saw that goods deficit narrowed, since rising exports significantly offset aircraft purchases.”

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 securities. 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 Forex 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.