New Zealand's seasonally adjusted current account deficit for the September 2017 quarter narrowed to $1.3 billion, Stats NZ said today. This is $183 million smaller than the June quarter's deficit and was driven by a fall in imported good.

The shortfall between the value of exports and imports in the September quarter was much smaller than in the June quarter - the seasonally adjusted goods deficit was $26 million, down from the June quarter's $437 million deficit and the smallest since the June 2014 quarter.