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


Producers Output Prices Rise

Producers Output Prices Rise

Output prices for all industries in the Producers Price Index (PPI) rose 0.1 percent in the March 2003 quarter, according to latest figures released by Statistics New Zealand.

Input prices for all industries in the PPI showed no change in the March 2003 quarter. In the year to the March 2003 quarter, the PPI outputs index fell by 0.4 percent, and the PPI inputs index fell by 1.3 percent.

The most significant contributions to the 0.1 percent rise in the PPI outputs index came from the electricity generation and supply index, which showed a 12.9 percent increase.

This was primarily due to higher prices for electricity generation. The business services index (up 1.2 percent) was another major contributor, rising mainly due to higher legal fees.

Partially offsetting the overall rise in output prices was the livestock and cropping farming index, which fell by 8.6 percent, driven by lower prices for sheep and cattle.

The electricity generation and supply index made the most significant upward contribution to the PPI inputs index.

Lower lake levels from drier weather caused the electricity generation and supply index to rise by 18.6 percent.

The major downward contribution to the PPI inputs index over the same period came from the meat and meat product manufacturing index, which fell by 8.6 percent, reflecting lower prices for cattle, sheep and pigs.

Another downward contributor was the wholesale trade index, which fell 1.7 percent due to lower prices for wool and livestock.

Brian Pink

Government Statistician

© Scoop Media

Business Headlines | Sci-Tech Headlines


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>


Crown Accounts: Govt Books In Line With Forecasts

The Government’s financial statements for the four months to 31 October indicate the books are tracking along with Treasury’s Budget forecasts, Finance Minister Grant Robertson says. More>>


Expert Reaction: Ross Sea Region Marine Protected Area In Force

Sweeping new protections for Antarctica's Ross Sea will come into effect on Friday 1 December. After five years of debate, the marine protected area (MPA) was agreed in 2016 after a joint proposal by New Zealand and the United States... More>>