Current Account in New Zealand

New Zealand Current Account | Economic News & Forecasts

New Zealand - Current Account

Economic activity likely regained some steam in H2, after external headwinds and ebbing construction activity prompted a slowdown in the second quarter. Sturdier retail sales in Q3 suggest consumer spending strengthened amid low price pressures and despite an uptick in unemployment; downbeat business confidence and conditions, however, point to subdued investment activity in the quarter. Turning to the fourth quarter, mounting consumer optimism in October-November and surging business sentiment in November suggest the economy may have turned a corner. Meanwhile, the government revealed plans to boost infrastructure spending significantly and announced it will broaden its powers to block foreign investment. Moreover, the Central Bank increased banks’ capital requirements and stated it will ramp up bank oversight to tackle governance and risk management shortcomings, as well as to prevent anti-money laundering.

New Zealand - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-3.2  -3.1  -3.0  -2.2  -2.9  

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New Zealand Current Account Chart


New Zealand Current Account
Note: Current account balance as % of GDP.
Source: Statistics New Zealand and FocusEconomics calculations.

New Zealand Facts

ValueChangeDate
Bond Yield1.671.20 %Dec 30
Exchange Rate0.67-1.69 %Jan 01

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Economic News

  • New Zealand: Consumers close 2019 on a high note

    December 20, 2019

    The ANZ-Roy Morgan consumer confidence indicator rose to 123.3 in December (November: 120.7), moving further above the 100-threshold that separates optimism from pessimism among consumers and printing the best result since March 2018. Consumers grew more optimistic about their future personal finances and they had better assessments about their current financial situation compared to one year ago.

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  • New Zealand: Business confidence jumps again in December

    December 20, 2019

    The ANZ bank business outlook indicator surged in December but nevertheless a net 13.2% of firms still reported that they expect general business conditions to deteriorate in the year ahead, from a net 26.4% in November.

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  • New Zealand: Growth jumps on buoyant consumer spending in Q3

    December 20, 2019

    The economy climbed 0.7% in quarter-on-quarter seasonally-adjusted terms in the third quarter, well above Q2’s revised 0.1% uptick (previously reported: +0.5% quarter-on-quarter seasonally-adjusted).

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  • New Zealand: Consumer confidence rises further in November

    November 29, 2019

    The ANZ-Roy Morgan consumer confidence indicator rose to 120.7 in November (October: 118.4), moving further above the 100-threshold that separates optimism from pessimism among consumers and printing the best result in five months. Consumers grew more optimistic about their future personal finances, and their expectations on next year’s economic outlook and on the five-year general economic outlook improved significantly.

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  • New Zealand: Business confidence jumps but remains deeply entrenched in pessimistic territory in November

    November 29, 2019

    The ANZ bank business outlook indicator surged 16.0 points in November, the highest print this year, but nevertheless a net 26.4% of firms still reported that they expect general business conditions to deteriorate in the year ahead.

    Read more

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