Source: MIL-OSI Submissions
Import growth widens current account deficit – Media release
15 December 2021
The seasonally adjusted current account deficit widened to $4.8 billion in the September 2021 quarter, due to growth in imports, Stats NZ said today.
The current account deficit was $1.7 billion wider than the previous quarter mainly due to an increase in the value of goods imports (up $1.8 billion) and services imports (up $123 million).
Goods exports increased $209 million, while services exports decreased $114 million.
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