Winston back after National loses ground in NZ election

NZ First leader Winston Peters is open to making a deal with National to form government. (Ben McKay/AAP PHOTOS)

Incoming prime minister Chris Luxon insists he is not disappointed to lose ground in the final election count, which will see New Zealand governed by three parties of the right: National, ACT and NZ First.

Mr Luxon's centre-right National party slipped from 50 MPs to 48 in the revised count, released by the electoral commission on Friday.