New Zealand Posts Current Account Surplus For First Time In 20 Years
@ MoneyTrading.com.au
New Zealand recorded a seasonally adjusted current account surplus of NZ$340 million in the September quarter - the first such surplus since December 1988.
The surplus is a NZ$746 million turnaround from the June quarter deficit of NZ$406 million, Statistics New Zealand said on Tuesday. The change in the current account balance from a deficit to a surplus was mostly due to a narrowing of the investment income deficit.
New Zealand recorded a seasonally adjusted current account surplus of NZ$340 million in the September quarter - the first such surplus since December 1988.
The surplus is a NZ$746 million turnaround from the June quarter deficit of NZ$406 million, Statistics New Zealand said on Tuesday. The change in the current account balance from a deficit to a surplus was mostly due to a narrowing of the investment income deficit.
posted by Money Trading at
11:29 PM
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