New Zealand PPI Inputs Rise 0.8% In Q3

RTTNews | 970 days ago
Stocktwits
New Zealand PPI Inputs Rise 0.8% In Q3

(RTTNews) - Producer price inputs were up 0.8 percent on quarter in the third quarter of 2022, Statistics New Zealand said on Thursday - slowing from 3.1 percent in Q2.

PPI outputs climbed 1.6 percent on quarter, down from 2.4 percent in the previous three months.

Capital goods prices rose 2.1 percent on quarter, while farm expense prices jumped 3.2 percent.

The largest output industry contributions were from: electricity and gas supply, down 13.9 percent; dairy product manufacturing, up 9.9 percent; and accommodation and food services, up 5.7 percent.

The largest input industry contributions were from: electricity and gas supply, down 23.2 percent; meat and meat product manufacturing, up 6.2 percent; and building construction, up 2.3 percent.

Tags: NZD
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New Zealand Holds Key Rate As Expected

New Zealand Holds Key Rate As Expected

The Reserve Bank of New Zealand left its benchmark interest rate unchanged on Wednesday citing elevated level of uncertainty and near-term risks to inflation. The Monetary Policy Committee, governed by Christian Hawkesby, decided to hold the Official Cash Rate at 3.25 percent. The bank has paused the easing cycle for the first time since it started cutting rates in August 2024.
RTTNews | 4 days ago
New Zealand Building Permits Jump 10%In May

New Zealand Building Permits Jump 10%In May

The number of building permits issued in New Zealand was up a seasonally adjusted 10 percent on month in June, Statistics New Zealand said on Tuesday - coming in at 3,151.
RTTNews | 12 days ago
New Zealand GDP Expands 0.8% In Q1

New Zealand GDP Expands 0.8% In Q1

New Zealand's gross domestic product expanded by a seasonally adjusted 0.8 percent on quarter in the first quarter of 2025, Statistics New Zealand said on Thursday.
RTTNews | 24 days ago
New Zealand Building Consents Slump 15.6% In April

New Zealand Building Consents Slump 15.6% In April

The total number of building permits issued in New Zealand was down a seasonally adjusted 15.6 percent on month in April, Statistics New Zealand said on Friday - following the 10.7 percent increase in March. In April, there were 2,418 new dwellings consented, comprising: 1,148 stand-alone houses; 1,105 townhouses, flats, and units; 85 retirement village units; and 80 apartments.
RTTNews | 44 days ago
New Zealand Cuts Interest Rate By 25 Bps As Expected

New Zealand Cuts Interest Rate By 25 Bps As Expected

The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as widely expected on Wednesday, as higher trade tariffs and increased policy uncertainties overseas are set to weigh on domestic economic outlook. The Monetary Policy Committee, led by acting governor Christian Hawkesby, decided to cut the Official Cash Rate by 25 basis points to 3.25 percent. The decision was passed
RTTNews | 46 days ago
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