Financial News: New Zealand Has NZ$9.46 Billion In Q4

New Zealand Has NZ$9.46 Billion In Q4

03/14/2023 - 18:15:00 (RTTNews)

(RTTNews) - New Zealand posted a current account deficit of NZ$9.46 billion in the fourth quarter of 2022, Statistics New Zealand said on Wednesday.

That missed expectations for a shortfall of NZ$7.64 billion following the downwardly revised NZ$11.40 billion deficit in the third quarter.

New Zealand's seasonally adjusted current account balance was an NZ$8.5 billion deficit in the fourth quarter, NA$1.4 billion wider than the third quarter deficit.

The widening of the seasonally adjusted current account deficit was mainly the result of the: NZ$1.3 billion widening of the goods deficit; NZ$429 million narrowing of the services deficit; NZ$556 million widening of the primary income deficit; and offset of the NZ$65 million change in the secondary income balance, to a surplus.

For all of 2022, the current account deficit was NZ$33.79 billion after showing a NZ$21.1 billion shortfall in 2021.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Denmark Economic Sentiment Rises Further (05 min(s), 40 sec(s) ago)
(RTTNews) - Denmark's economic sentiment rose for a third month in a row in March, figures fro ...Full Story»

U.S. Durable Goods Orders Unexpectedly Slump As Aircraft Demand Extends Nosedive (37 min(s), 40 sec(s) ago)
(RTTNews) - Reflecting a continued slump in orders for transportation equipment, the Commerce Depa ...Full Story»

Spain Q4 GDP Growth Unrevised At 0.2% (32 min(s), 40 sec(s) ago)
(RTTNews) - Spain's economy expanded at a stable pace as initially estimated in the final quar ...Full Story»

Czech Economic Sentiment Rises To 93.9, Highest In 7 Months (23 min(s), 40 sec(s) ago)
(RTTNews) - The Czech economic confidence index improved to its highest level in seven months, whi ...Full Story»

UK Private Sector Logs Strong Growth In March (05 min(s), 40 sec(s) ago)
(RTTNews) - The UK private sector registered another increase in activity in March, reflecting rob ...Full Story»

U.S. Durable Goods Orders Unexpectedly Slump 1.0% In February (04 min(s), 40 sec(s) ago)
(RTTNews) - Reflecting a continued slump in orders for transportation equipment, the Commerce Depa ...Full Story»

Eurozone Services Activity Lifts Private Sector Growth To 10-Month High (10 min(s), 40 sec(s) ago)
(RTTNews) - Eurozone private sector logged the strongest growth in ten months in March underpinned ...Full Story»

Sweden Producer Price Inflation Eases On Lower Energy Costs (08 min(s), 40 sec(s) ago)
(RTTNews) - Sweden's producer price inflation eased for the third straight month in February t ...Full Story»