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Near-record exports see current account deficit shrink to $2.7 billion

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New Zealand's seasonally adjusted current account deficit reduced to $2.7 billion for the June 2018 quarter, Stats NZ said.

The $484 million decrease from the March 2018 quarter was mainly driven by rising exports of goods and services.

The current account balance records the value of New Zealand’s transactions with the rest of the world in goods, services, and income. A current account deficit exists when we spend more than we earn from our transactions with the rest of the world.  - read on . . . .

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