New Zealand Has NZ$6.9 Billion Current Account Deficit In Q4
(RTTNews) - New Zealand posted a seasonally adjusted current account deficit of NZ$6.9 billion in the fourth quarter of 2023, Statistics New Zealand said on Wednesday.
That follows the NZ$6.733 billion shortfall in the three months prior.
The seasonally adjusted goods deficit narrowed to NZ$2.9 billion, while the services deficit widened to $438 million. The primary income deficit widened to NZ$3.4 billion and the financial account recorded a net inflow of NZ$12.9 billion.
The current account deficit for 2023 narrowed to NZ$27.8 billion (6.9 percent of GDP) from the NZ$33.4 billion deficit in 2022 (8.8 percent of GDP).
read more
New Zealand Inflation Gains 0.6% On Quarter In Q1
Consumer prices in New Zealand were up a seasonally adjusted 0.6 percent on quarter in the first quarter of 2024, Statistics New Zealand said on Wednesday.
RTTNews
|
11 days ago
New Zealand Services Index Slumps In March - BusinessNZ
The services sector in New Zealand fell into contraction territory in March, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.5.
RTTNews
|
13 days ago
New Zealand Food Prices Rise 0.7% On Year In March
Food prices in New Zealand were up 0.7 percent on year in March, Statistics New Zealand said on Friday - slowing from 2.1 percent in February.
RTTNews
|
16 days ago
New Zealand Manufacturing PMI Falls To 47.1 - BusinessNZ
The manufacturing sector in New Zealand continued to contract in March, and at a faster pace, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 47.1.
RTTNews
|
16 days ago
New Zealand Central Bank Holds Key Rate As Widely Expected
New Zealand's central bank left its benchmark rate unchanged for the sixth straight session as widely expected on Wednesday, as higher rates help to bring inflation to the target range. The Monetary Policy Committee of the Reserve Bank of New Zealand, led by Governor Adrian Orr, decided to hold the Official Cash Rate at 5.50 percent.
RTTNews
|
18 days ago
New Zealand Building Consents Jump 14.9% In February
The total number of building permits issued in New Zealand was up a seasonally adjusted 14,9 percent on month in February, Statistics New Zealand said on Thursday - coming in at 2,795.
RTTNews
|
24 days ago
New Zealand Has NZ$218 Million Shortfall In February
New Zealand posted a merchandise trade deficit of NZ$218 million in February, Statistics New Zealand said on Friday.
RTTNews
|
37 days ago
New Zealand GDP Slips 0.1% In Q4
Singapore's gross domestic product contracted a seasonally adjusted 0.1 percent on quarter in the fourth quarter of 2023, Statistics New Zealand said on Thursday.
RTTNews
|
38 days ago
