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15.09.202622:45:00UTC+00New Zealand’s Current Account Deficit Narrows in Q2 2026, Signals Slight External Balance Improvement

New Zealand’s current account deficit narrowed in the second quarter of 2026, with the balance improving to -NZD 14.58 billion from -NZD 16.30 billion recorded in the first quarter of 2026. The latest figures, updated on 15 September 2026, indicate a modest reduction in external imbalances as measured on a quarterly basis.

The data are assessed on a year-over-year comparison, meaning the current reading reflects how the second quarter’s external position compares with the same period a year earlier, while the previous reading captured the first quarter’s performance against its year-ago counterpart. Although the absolute level of the deficit remains substantial, the shift toward a smaller shortfall suggests some easing in New Zealand’s external financing pressures going into the second half of 2026.

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