News: New Zealand reports decline in fourth-quarter current account deficit

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    WELLINGTON, March 16 (Reuters) - New Zealand posted a smaller deficit in the final quarter of 2015, official data showed on Wednesday, in line with analyst expectations.

    The actual quarterly deficit was NZ$2.6 billion ($1.72 billion)in the three months to December, down from a deficit of NZ$4.75 billion in the previous quarter, according to Statistics NZ data.

    The seasonally adjusted quarterly deficit was NZ$1.9 billion. The annual deficit to was NZ$7.7 billion, equating to 3.1 percent of gross domestic product.

    Economists polled by Reuters had forecast the actual quarterly deficit of 2.8 billion and an annual deficit of 7.9 billion.

    The full data is available at http://www.stats.govt.nz

    ($1 = 1.5156 New Zealand dollars)

 
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