Advertisement
New Zealand Has NZ$4.21 Billion Current Account Deficit In Q2
(RTTNews) - New Zealand posted a current account deficit of NZ$4.21 billion in the second quarter of 2023, Statistics New Zealand said on Wednesday.
That beat forecasts for a shortfall of NZ$4.80 billion following the NZ$5.22 billion deficit in the previous three months.
On a yearly basis, the current account deficit was NZ$29.76 billion. That follows the NZ$33.03 billion deficit in the first quarter.
In the year ended 30 June 2023, goods imports increased NZ$8.4 billion to NZ$85.8 billion, driven by fuel, motor vehicles, and aircraft. goods exports increased NZ$5.5 billion to NZ$73.3 billion, driven by dairy products, including milk powder, butter, and cheese.
read more
New Zealand Retail Sales Climb 0.5% In Q2
The total volume of retail sales in New Zealand was up a seasonally adjusted 0.5 percent on quarter in the second quarter of 2025, Statistics New Zealand said on Monday - coming in at NZ$25 billion.
RTTNews
|
3 days ago
New Zealand Has NZ$578 Million Trade Deficit
New Zealand posted a merchandise trade deficit of NZ$578 million in July, Statistics New Zealand said on Thursday.
RTTNews
|
7 days ago
New Zealand Hints At More Interest Rate Cuts
The Reserve Bank of New Zealand reduced its key interest rate by 25 basis points to a three-year low and hinted at further easing on Wednesday. The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent. The bank has reduced the rate by 250 basis points since August 2024.
RTTNews
|
8 days ago
New Zealand Services Index Improves To 48.9 - BusinessNZ
The services sector in New Zealand continued to contract in July, albeit at a slower rate, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 48.9.
RTTNews
|
10 days ago
New Zealand Manufacturing Sector Expands In July - BusinessNZ
The manufacturing sector in New Zealand moved up into expansion territory in July, BusinessNZ said on Friday with a seasonally adjusted Performance of Manufacturing Index score of 52.8.
RTTNews
|
13 days ago
New Zealand Jobless Rate Climbs To 5.2% In Q2
The unemployment rate in New Zealand came in at a seasonally adjusted 5.2 percent in the second quarter of 2025, Statistics New Zealand said on Wednesday.
RTTNews
|
22 days ago
New Zealand Has NZ$142 Million Trade Surplus In June
New Zealand posted a seasonally adjusted merchandise trade surplus of NZ$142 million in June, Statistics New Zealand said on Tuesday.
RTTNews
|
37 days ago
New Zealand Annual Inflation Climbs 2.7% In Q2
Consumer prices in New Zealand were up 2.7 percent on year in the second quarter of 2025, Statistics New Zealand said on Monday - up from 2.5 percent in the three months prior but shy of expectations for 2.8 percent.
RTTNews
|
38 days ago
