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

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Balance Of Trade: NZ Posts Trade Deficit In October On Falling Dairy Exports

New Zealand’s posted its largest monthly trade deficit for October in six years, while narrowing the shortfall from September, led by a fall in dairy exports to China while all main imports into the country rose. More>>

ALSO:

Gigatown Winner: Plenty Of Positives For Dunedin

Although the city has taken the Gigatown title, along with new ultrafast 1Gbps broadband and funding for $700,000 worth of UFB-related initiatives across the community, Mr Cull says Dunedin has gained so much more through its involvement. More>>

ALSO:

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news