New Zealand current account balance data for the January to March quarter of 2018 

  • current account surplus in the first quarter
  • quarterly surplus was NZ$0.182 billion (from a deficit of NZ$2.745 billion in the previous quarter)
  • seasonally adjusted quarterly deficit was NZ$3.048 billion from NZ$2.005 billion in the previous quarter. 
  • Annual deficit to March was NZ$7.911 billion (equating to 2.8 percent of gross domestic product, up from 2.7% the previous quarter ….. which is the ‘but’ in the headline I’m referring to …. not too big a but though)

NZD non responsive to the data release

oh yeah, for background:


Oh, and to try to recover something from this somewhat boring post, if you are down this far ….

This is fake, but still ….. great yarn:

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