Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Capital Goods Price Index: December 1999 quarter

Capital Goods Price Index: December 1999 quarter

Falling Exchange Rates Push Capital Asset Prices Up

Capital asset prices were 0.6 per cent higher in the December 1999 quarter following a 0.4 per cent rise in the September 1999 quarter.

This is the third consecutive quarter that the All Groups index has recorded an increase, said Deputy Government Statistician Ian Ewing when releasing the latest Capital Goods Price Index figures.

The December 1999 quarter's rise is the largest quarterly increase in 5 years, with all major asset group indexes increasing for the second consecutive quarter.

Prices for plant machinery and equipment, which now account for over 45 per cent of the redeveloped

All Groups index, increased by 0.4 per cent in the December 1999 quarter. Most of the new sub-indexes increased within this asset group and appear strongly influenced by the depreciation of the New Zealand dollar over the last few months.

The Capital Goods Price Index has been upgraded to incorporate up-to-date weighting information that reflects current patterns of capital asset acquisition by New Zealand industry.

Ian Ewing
Deputy Government Statistician
END

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

More To Do: Tax Working Group Publishes Interim Report

Chair Sir Michael Cullen says that the Group has conducted a wide-ranging review in order to assess the structure, fairness, and balance of the tax system. The Group has also brought a broad conception of wellbeing and living standards to its work... More>>

ALSO:

Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>

ALSO:

Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>

ALSO:

Talking Up The Economy: NZD Gains On PM's Mistaken GDP Comment

Her comments were downplayed by her chief press secretary who said she was referring the government's June year financial statements and had "made a mistake." More>>

ALSO: