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New Zealand Q1 Current Account Deficit NZ$8.5 Billion
(RTTNews) - New Zealand posted a seasonally adjusted current account deficit of NZ$8.5 billion in the first quarter of 2022, Statistics New Zealand said on Wednesday - following the NZ$6.6 billion shortfall in the three months prior.
The current account deficit for the year ended March 2022 widened to NZ$23.3 billion (6.5 percent of gross domestic product [GDP]) from the NZ$8.2 billion deficit for the March 2021 year (2.5 percent of GDP).
The seasonally adjusted goods deficit widened to NZ$2.9 billion, while the seasonally adjusted services deficit widened to NZ$3.0 billion. The primary income deficit widened to NZ$2.3 billion and the financial account recorded a net inflow of NZ$4.5 billion.
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New Zealand Building Consents Climb 5.4% In July
The total number of building permits issued in New Zealand was up a seasonally adjusted 5.4 percent on month in July, Statistics New Zealand said on Monday - coming in at 3,252.
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3 days ago
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.
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10 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.
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13 days ago
New Zealand Hints At More Interest Rate Cuts
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14 days ago
New Zealand Services Index Improves To 48.9 - BusinessNZ
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16 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.
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20 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.
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28 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.
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44 days ago
