New Zealand Has NZ$6.2 Billion Current Account Deficit In Q3
(RTTNews) - New Zealand posted a seasonally adjusted current account deficit of NZ$6.2 billion in the third quarter of 2024, Statistics New Zealand said on Wednesday.
In the third quarter, the goods deficit narrowed to NZ$1.9 billion and the services deficit narrowed to NZ$397 million. The primary income deficit narrowed to NZ$3.5 billion and the financial account recorded a net inflow of NZ$2.1 billion.
New Zealand's net international investment liability position was NZ$208.6 billion, compared with NZ$202.9 billion at the end of Q2.
The current account deficit for the year was $26.99 billion (6.4 percent of GDP).
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New Zealand GDP Falls 1.0% In Q3
New Zealand's gross domestic product contracted a seasonally adjusted 1.0 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Thursday.
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New Zealand Terms Of Trade Climbs 2.4% In Q3
The terms of trade in New Zealand rose a seasonally adjusted 2.4 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Tuesday.
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New Zealand Building Permits Sink 5.2% In October
The total number of building permits issued in New Zealand was down a seasonally adjusted 5.2 percent on month in October, Statistics New Zealand said on Monday - coming in at 2,850.
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New Zealand Slashes Key Interest Rate By 50 Bps
The Reserve Bank of New Zealand reduced its benchmark interest rate by 50 basis points on Wednesday, as inflation moved close to the midpoint of the target range and economic output remains below its potential. The Monetary Policy Committee governed by Adrian Orr decided to reduce the Official Cash Rate to 4.25 percent from 4.75 percent.
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New Zealand Retail Sales Dip 0.1% On Quarter In Q3
The total volume of retail sales in New Zealand was down a seasonally adjusted 0.1 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Monday - coming in at NZ$24 billion.
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New Zealand Has NZ$1.544 Billion Trade Shortfall In October
New Zealand posted a merchandise trade deficit of NZ$1.544 billion in October, Statistics New Zealand said on Monday.
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New Zealand Performance Of Services Index Improves To 46.0 - BusinessNZ
The services sector in New Zealand continued to contract in October, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 46.0.
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New Zealand Manufacturing PMI Sinks To 45.8 In October - BusinessNZ
The manufacturing sector in New Zealand continued to contract in October, and at a faster pace, the latest survey from BusinessNZ revealed on Friday with a manufacturing PMI score of 45.8.
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