NZ Q1 current account balance (actual) -NZ$1.008B

• exp -NZ$0.967B, prev -NZ$5.984B

NZ Q1 seasonally adjusted current account -NZ$4.552B

• prev -NZ$4.452B

NZ year to March current account -NZ$16.3B / -3.6% of GDP.

The sharp narrowing in NZ deficit will offer the RBNZ some modest comfort on external balance pressures.

I’ll have more to come on this separately

This article was written by Eamonn Sheridan at investinglive.com.