Monday, June 25, 2007

New Zealand Current Account Gap Probably Narrowed a Third Time on Exports

(Bloomberg) -- New Zealand's current account deficit
probably narrowed in the year through March as exports, buoyed by
record butter and milk powder prices, outpaced imports.

The deficit was NZ$14.12 billion ($11 billion) in the 12 months
ended March 31 compared with NZ$14.45 billion in December, according
to the median estimate in a Bloomberg News survey of 13 economists.
Statistics New Zealand will release the current account report on
June 28 at 10:45 a.m. in Wellington.


Read more at Bloomberg Bonds News

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