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


Capital Goods Prices Rise

Capital Goods Price Index: March 2002 quarter

Capital Goods Prices Rise

Capital goods prices rose 0.5 percent in the March 2002 quarter compared with the December 2001 quarter, according to Statistics New Zealand. On an annual basis the Capital Goods Price Index rose 1.6 percent from the March 2001 quarter to the March 2002 quarter.

The most significant contribution to the overall increase of 0.5 percent in the March 2002 quarter came from a 1.3 percent increase in the residential buildings index. This is the largest quarterly increase in the residential buildings index since a 1.9 percent increase was recorded in the June 1996 quarter. The non-residential buildings index rose 0.5 percent in the March 2002 quarter, compared with a 0.8 percent increase last quarter.

The plant, machinery and equipment index fell 0.2 percent in the March 2002 quarter. The most significant downward contributions to this index came from a 0.9 percent fall in the computer machinery index and a 2.3 percent fall in the lifting and handling equipment index.

The plant, machinery and equipment asset group includes a large number of imported items. The prices of these items are influenced by movements in the value of the New Zealand dollar. In the March 2002 quarter, the New Zealand dollar rose against the Euro, US, UK, Australian and Japanese currencies.

Brian Pink Government Statistician


© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news