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

 

Capital Goods Price Index Falls 0.2 Percent


Capital Goods Price Index Falls 0.2 Percent

Capital goods prices fell 0.2 percent in the March 2003 quarter compared with the December 2002 quarter, according to Statistics New Zealand. On an annual basis, the Capital Goods Price Index rose 0.3 percent from the March 2002 quarter to the March 2003 quarter.

The most significant contribution to the overall decrease in the March 2003 quarter came from the plant, machinery and equipment index, which fell by 1.8 percent. The plant, machinery and equipment index has decreased in each quarter since the December 2001 quarter and is now 3.4 percent lower than the December 2001 quarter. The computer machinery index was the main factor in this decrease, recording a fall of 19.1 percent since the December 2001 quarter.

The residential and non-residential buildings indexes continued to rise this quarter. The residential buildings index rose by 1.3 percent and the non-residential buildings index rose by 0.6 percent in the March 2003 quarter. This follows increases of 1.7 percent and 0.3 percent respectively in the December 2002 quarter. The residential buildings index increased by 4.2 percent in the 12 months between the March 2002 and March 2003 quarters.

Brian Pink

Government Statistician


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>