New Zealand Q3 current account preview

There is a rise in New Zealand's export prices and volumes in third quarter of 2015, which were counter balanced by rise in import bill as the NZD was weaker.

Trade in services is likely to move ahead into surplus, specifically due to growth in tourist spending. The rise in tourist spending in last year was dramatic, if sustained at present levels or higher, it will have major impacts on long run outlook for the country's current account balance.

"We estimate that the annual current account deficit narrowed slightly from 3.5% to 3.4% of GDP", says Westpac in a research note.