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

 

Output and Input Prices Rise


Output and Input Prices Rise

Output and input prices for all industries in the Producers Price Index (PPI) both rose by 0.4 percent in the September 2003 quarter, according to Statistics New Zealand.

The most significant upward contribution to the PPI outputs index for the September 2003 quarter came from the electricity generation and supply index, which rose 6.7 percent.

This follows a 9.7 percent rise in the June 2003 quarter, and a 12.9 percent rise in the March 2003 quarter.

For the third quarter in a row, the electricity generation and supply index has been the major upward contributor to the PPI outputs index. The main reason for the increases in all three quarters was higher prices received by electricity generators for bulk electricity sales.

Further upward contributions to the PPI outputs index for the September 2003 quarter came from the real estate index (up 1.6 percent) and the construction index (up 0.7 percent).

The construction index has shown an increase in the last 18 quarters, and is now 11.8 percent higher than it was in the March 1999 quarter.

These rises were offset by falls in the meat and meat product manufacturing index (down 3.3 percent), the dairy product manufacturing index (down 1.7 percent) and the forestry and logging index (down 4.3 percent). The main reasons for these decreases were lower world commodity prices and strong competition in the international market for forestry products. In the year to the September 2003 quarter, the PPI outputs index rose by 0.7 percent.

Input prices for all industries in the PPI rose by 0.4 percent in the September 2003 quarter, following a fall of 0.5 percent in the June 2003 quarter. In the year to the September 2003 quarter, the PPI inputs index rose by 0.1 percent.

The most significant upward contribution to the rise in the PPI inputs index in the September 2003 quarter came from the electricity generation and supply index, which rose 8.5 percent, reflecting higher prices paid by electricity retailers to generators. Other upward contributions came from the wholesale trade index (up 1.5 percent) and the meat and meat product manufacturing index (up 2.1 percent). These rises were partially offset by a fall of 2.9 percent in the paper and paper product manufacturing index, which was mainly the result of lower freight charges and lower pulp prices. Other downward contributions included a 2.8 percent fall in the wood product manufacturing index and a 1.8 percent fall in the printing, publishing and recorded media index.

Brian Pink

Government Statistician

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech