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


Capital goods prices up 0.7 percent

Capital goods prices up 0.7 percent

In the June 2014 quarter, the price of purchasing new capital items rose 0.7 percent, Statistics New Zealand said today. Four of six asset groups measured by the capital goods price index (CGPI) rose.

The major upward contributions to the CGPI came from:
• the residential buildings price index (up 1.3 percent)
• the non-residential buildings price index (up 1.1 percent).

The rises in the June 2014 quarter were partly offset by a fall in the price index for plant, machinery, and equipment (down 0.3 percent). The New Zealand dollar's appreciation against most of our key trading currencies influenced this price change.

In the year to the June 2014 quarter, the CGPI increased 2.2 percent. The increases for residential buildings (up 4.5 percent) and non-residential buildings (up 4.2 percent) were the main contributors to the change.

The CGPI measures the change in the purchase price of new capital goods used by New Zealand producers.

For more information about these statistics: Visit Capital Goods Price Index: June 2014 quarter


© Scoop Media

Business Headlines | Sci-Tech Headlines


Oceans: NOAA Declares Third Ever Global Coral Bleaching Event

As record ocean temperatures cause widespread coral bleaching across Hawaii, NOAA scientists confirm the same stressful conditions are expanding to the Caribbean and may last into the new year, prompting the declaration of the third global coral bleaching event ever on record. More>>

Scoop Business: A Decade Of Government Pre-Seed Investment

More publicly-funded science is being commercialised after a decade of government ‘pre-see’d investment, according to an independent review. More>>


Solid Energy: Plan To Shut Unprofitable Huntly East Mine

Solid Energy, the state-owned coal miner in voluntary administration, plans to shut down its unprofitable Huntly East mine and lay off 65 staff after deciding the site stands "no chance whatsoever" of finding a buyer. More>>


E Tū: Merger Creates NZ's Biggest Private Sector Union

E tū has been created by the merger of the Engineering, Printing and Manufacturing Union and Service and Food Workers’ Union. It represents more than 50,000 working New Zealanders in industries as diverse as aviation, construction, journalism, food manufacturing, mining and cleaning. More>>


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news