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Coming up from NZ soon - Q3 current account

Due at 2145GMT from New Zealand, Q3 current account data

This shouldn't be too much of a market mover.

  • Q3 BOP Current account balance, prior was -1.216bn
  • Current Account to GDP ratio expected is at -3.4%, prior was -3.5%

The goods balance is expected to fall into deficit even further (export prices & volumes were higher for Q3 , but the cost of imports should have risen with a weaker NZD)

  • Services, on the other hand, is expected to show a bigger surplus, due to strong tourist spending

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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