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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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Palace of the Alhambra Spain

Palace of the Alhambra, Spain

By: Charles Nathaniel Worsley (1862-1923)

From the collection of Sir Heaton Rhodes

Oil on canvas - 118cm x 162cm

Valued $12,000 - $18,000

Offers invited over $9,000

Contact:  Henry Newrick – (+64 ) 27 471 2242

Henry@HeritageArtNZ.com

 

Mount Egmont with Lake

Mount Egmont with Lake 

By: John Philemon Backhouse (1845-1908)

Oil on Sea Shell - 13cm x 14cm

Valued $2,000-$3,000

Offers invited over $1,500

Contact:  Henry Newrick – (+64 ) 27 471 2242

Henry@HeritageArtNZ.com

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

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