New Zealand’s current account balance improved significantly, with the actual figure at -970 million NZD compared to the previous -2.32 billion NZD. This marks a substantial narrowing of the deficit by 1.35 billion NZD, indicating a positive shift in the country’s external balance.
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The actual current account result was much better than the analyst estimate of -2.7 billion NZD, suggesting stronger-than-expected economic fundamentals. This positive surprise is likely to boost investor sentiment, particularly benefiting sectors tied to exports and trade. The market impact may be more sentiment-driven in the short term, as investors reassess New Zealand’s economic resilience.