FOREX TradingCharts.com

Financial News: New Zealand Q3 Producer Price Output Rises 1.0%

New Zealand Q3 Producer Price Output Rises 1.0%

11/16/2017 - 17:16:00 (RTTNews)

(RTTNews) - The output producer price index in New Zealand advanced 1.0 percent on quarter in the third quarter of 2017, Statistics New Zealand said on Friday.

That followed the 1.3 percent increase in the previous three months.

The input producer price index also advanced 1.0 percent on quarter, slowing from 1.4 percent in the three months prior.

PPI outputs were up mainly due to electricity prices and dairy cattle farming, the bureau said, while PPI inputs were up mainly due to dairy product manufacturing and electricity prices.

"The drier winter has meant lower-than-usual lake levels for many of the country's hydroelectric power stations, which pushed up electricity generation costs," business prices manager Sarah Williams said.

Electricity and gas producers saw their costs of production (input costs) rise 5.9 percent in the latest quarter, mostly due to higher electricity generation costs. In turn, they passed on a 5.3 percent rise in their output prices. Electricity prices paid by commercial businesses rose 6.8 percent in the September 2017 quarter.

In the latest quarter, the prices received by dairy cattle farmers rose 6.1 percent, the sixth quarter in a row they have increased; the prices paid by dairy product manufacturers rose 5.1 percent.

Both price rises were influenced by higher forecasted farm-gate milk prices. An increase in sheep livestock prices (up 12 percent) influenced the input prices paid by meat and meat product manufacturers (up 4.8 percent).

In the year ended September 2017, output and input producers prices rose 5.3 percent and 4.3 percent, respectively.

The capital goods price index increased 2.9 percent in the year ended September 2017, mainly influenced by residential buildings (up 5.1 percent) and non-residential buildings (up 5.2 percent). The farm expenses price index increased 1.6 percent in the year.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Employers Report Positive Hiring Plans For Q1: Manpower (19 min(s) ago)
(RTTNews) - Employers globally reported positive hiring intentions as they plan to increase staffi ...Full Story»

Philippine Trade Deficit Widens In October (28 min(s) ago)
(RTTNews) - Philippine foreign trade deficit increased in October from a year ago, as imports grew ...Full Story»

Singapore Retail Sales Rebound In October (47 min(s) ago)
(RTTNews) - Singapore's retail sales increased in October after declining notably in the previ ...Full Story»

European Economics Preview: UK Inflation Data Due (01 hr(s), 02 min(s) ago)
(RTTNews) - Consumer and producer prices from the UK are due on Tuesday, headlining a light day fo ...Full Story»

Japan Tertiary Activity Index Rises More Than Expected In October (31 min(s) ago)
(RTTNews) - Japan's tertiary activity index increased at a faster-than-expected pace in Octobe ...Full Story»

Malaysia Industrial Production Growth Eases More Than Forecast (06 min(s) ago)
(RTTNews) - Malaysia's industrial production growth eased at a faster-than-expected pace in Oc ...Full Story»

Australia Q3 House Prices Ease 0.2% On Quarter (31 min(s) ago)
(RTTNews) - Residential property prices in Australia fell 0.2 percent on quarter in the third quar ...Full Story»

Australia Business Confidence Ebbs In November - NAB (41 min(s) ago)
(RTTNews) - Consumer confidence in Australia slowed in November, the latest survey from National A ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Employers Report Positive Hiring Plans For Q1: Manpower

12/12/2017 - 00:57 AM (RTTNews)
(RTTNews) - Employers globally reported positive hiring intentions as they plan to increase staffi ...Full Story>>

Philippine Trade Deficit Widens In October

12/12/2017 - 00:48 AM (RTTNews)
(RTTNews) - Philippine foreign trade deficit increased in October from a year ago, as imports grew ...Full Story>>

Singapore Retail Sales Rebound In October

12/12/2017 - 00:29 AM (RTTNews)
(RTTNews) - Singapore's retail sales increased in October after declining notably in the previ ...Full Story>>

European Economics Preview: UK Inflation Data Due

12/12/2017 - 00:14 AM (RTTNews)
(RTTNews) - Consumer and producer prices from the UK are due on Tuesday, headlining a light day fo ...Full Story>>

Japan Tertiary Activity Index Rises More Than Expected In October

12/11/2017 - 23:47 PM (RTTNews)
(RTTNews) - Japan's tertiary activity index increased at a faster-than-expected pace in Octobe ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.