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

 

Falling Dollar Affects Capital Asset Prices

The depreciating New Zealand dollar continued to affect capital asset prices in the March 2000 quarter, said Deputy Government Statistician Ian Ewing when releasing the latest Capital Goods Price Index.

The March 2000 increase of 0.8 per cent in the All Groups index was the largest quarterly increase in over six years. The cumulative increase in the last three quarters of 1.8 per cent follows a period of little change in the index. The index rose only 1.6 per cent from December 1993 to June 1999.

All major asset group indexes increased in the March 2000 quarter. The plant, machinery and equipment, and the residential buildings groups recorded the most significant price rises of 1.1 per cent and 0.7 per cent respectively. The plant machinery and equipment index is sensitive to the depreciation of the New Zealand dollar, as a large number of these capital assets are imported.

Ian Ewing
Deputy Government Statistician

END

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

EU Wine Exports: Peter Yealands Fined For "Unprecedented Offending"

Yealands Estate Wines has pleaded guilty to “unprecedented offending” under the Wine Act 2003 and has copped a $400,000 fine. More>>

ALSO:

Discussion Paper: Govt To Act On Unfair Commercial Practices

“I’ve heard about traders who have used aggressive tactics to sell products to vulnerable consumers, and businesses that were powerless to stop suppliers varying the terms of their contract, including price.” More>>

ALSO:

'Considering Options' On Tip Top Ownership: Fonterra Drops Forecast Milk Price

Fonterra Co-operative Group Limited today revised its 2018/19 forecast Farmgate Milk Price range from $6.25-$6.50 per kgMS to $6.00-$6.30 per kgMS and shared an update on its first quarter business performance. More>>

ALSO:

Science: Legendary Telescope Being Brought Back To Life

One of the world’s most famous Victorian telescopes will be restored and available for public viewing in Takapō after spending five decades in storage... The Brashear Telescope was used in the late 1800s by Percival Lowell for his studies of Mars. More>>