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

 


Capital Goods Prices Rise 0.1 Percent


Capital Goods Prices Rise 0.1 Percent

Capital goods prices rose 0.1 percent in the September 2002 quarter compared with the June 2002 quarter, according to Statistics New Zealand. On an annual basis, the Capital Goods Price Index rose 1.2 percent from the September 2001 quarter to the September 2002 quarter.

In the September 2002 quarter, the most significant contribution to the overall increase of 0.1 percent came from a 0.7 percent increase in the residential buildings index. This index last recorded a fall in the December 1998 quarter, when it fell 0.1 percent. The non-residential buildings index rose 0.3 percent in the September 2002 quarter.

The index for land improvements increased by 1.5 percent in the September 2002 quarter. The most significant upward contribution to this index came from the irrigation and land drainage index with an increase of 2.7 percent, mainly due to higher prices for PVC pipes.

The plant, machinery and equipment index fell by 0.6 percent in the September 2002 quarter. The most significant downward contribution came from a 6.9 percent fall in the computer machinery index, which fell due to the effects of the exchange rate and competition in the computer market.

The machinery for mining, quarrying and construction index (down 1.1 percent) and the machinery for food, beverage and tobacco processing index (down 1.4 percent) also contributed to the fall.

The falls were partly offset by a 1.4 percent increase in the other special purpose machinery index, mainly due to higher prices for printing machinery.

Brian Pink

Government Statistician


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news