Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Capital goods prices up 0.5 percent

Capital goods prices up 0.5 percent – Media release

20 February 2014

In the December 2013 quarter, the price of purchasing new capital items rose 0.5 percent, Statistics New Zealand said today. Four of six asset groups measured by the capital goods price index (CGPI) rose.

The major upward contributions to the CGPI came from:
• the residential buildings price index (up 1.1 percent)
• the non-residential buildings price index (up 1.4 percent).

The rises in the December 2013 quarter were offset by decreases in the price indexes for plant, machinery, and equipment (down 0.6 percent), and transport equipment (down 0.1 percent). The appreciating New Zealand dollar against most key currencies influenced these indexes.

In the year to the December 2013 quarter, the CGPI rose 1.4 percent. The increases for residential buildings (up 4.5 percent) and non-residential buildings (up 3.2 percent) were the highest since 2008.

The CGPI measures the change in the purchase price of new capital goods used by New Zealand producers.

 Capital Goods Price Index: December 2013 quarter

cgpidec13qtIR.pdf

cgpitablesdec13qt.xls

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On Anne Tolley’s
Callous Folly

Years ago, I remember someone in the Heath Ministry telling me off the record that regulatory oversight in this country largely consisted in ‘waiting for something to turn green or fall off somebody’ before the authorities would swing into action...

Last week’s conflict between Social Development Minister Anne Tolley and District Court judge Carolyn Henwood illustrated quite a few of the flaws in the system. More>>

 

Members’ Bills: Greens' Domestic Violence And Loans Bills Pulled From Ballot

Jan Logie’s Domestic Violence-Victims' Protection Bill introduces workplace protections for victims of domestic violence, including allowing victims to request paid domestic violence leave for up to 10 days... Gareth Hughes’ Bill allows Kiwis with student loans to defer their student loan repayments into a first home savings scheme. More>>

ALSO:

IPCA: Police Did Not 'Deliberately' Use Pepper Spray On 10-Year-Old

"When spraying the man, the officer did not properly consider the necessity of using pepper spray in a confined space, the likelihood that it would affect the other innocent passengers or the fact that he was using a more powerful spray." More>>

ALSO:

Donor Bill Passes: Full Income Compensation For Live Organ Donors

Unanimous cross-party support for the Compensation for Live Organ Donors Bill represents a critical step in reducing the burgeoning waiting list for kidney donations, according to Kidney Health New Zealand chief executive Max Reid. More>>

ALSO:

Earthquake Response: Emergency Legislation Prepared

Three new Bills have been drafted in the wake of the magnitude 7.8 earthquake on November 14 to ensure the government can enable affected communities to respond quickly and efficiently. More>>

ALSO:

Housing MPs: New Building(s) For Parliament

A new building will be erected on Parliament grounds to house Members of Parliament and their staff who currently work in leased accommodation in Bowen House. The plan has cross-Party support, apart from NZ First, said Parliament’s Speaker, Rt Hon David Carter. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news