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

 


Capital Goods Price Index: December 2004

Capital Goods Price Index: December 2004 quarter — 22 February 2005 Capital Goods Price Index Continues to Rise

Prices for capital goods have continued to rise, according to Statistics New Zealand. An increase of 0.8 percent in the Capital Goods Price Index (CGPI) in the December 2004 quarter follows increases of 0.6 percent in the September 2004 quarter and 1.5 percent in the June 2004 quarter.

Building costs continued to increase, causing the residential buildings index to rise 1.7 percent in the December 2004 quarter. This is the ninth consecutive quarter in which the residential buildings index has made the most significant upward contribution to the CGPI. The non-residential buildings index also rose in the December 2004 quarter, by 1.8 percent. Respondents cited the main driver for price rises in both of these indexes as higher prices for construction components .

A consistent feature of the CGPI since the March 2002 quarter has been falling plant, machinery and equipment costs. The plant, machinery and equipment index fell 0.2 percent in the December 2004 quarter, its twelfth successive quarterly fall. Respondents most commonly cited changes in exchange rates as the reason for price decreases within the plant, machinery and equipment index. Raw materials, supplier and sub-component prices were the main factors affecting the price increases reported in this quarter.


A fall of 2.5 percent in the index for computer machinery was the most significant downward contribution to the plant, machinery and equipment index.

The transport equipment index fell 0.3 percent in the December 2004 quarter, with price decreases most commonly caused by changes in exchange rates, according to respondents. On an annual basis, the CGPI rose 3.9 percent in the year to the December 2004 quarter. This compares with a rise of 1.5 percent in the CGPI in the year to the December 2003 quarter.

Brian Pink

Government Statistician

ENDS


© 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