Producer input prices in New Zealand rose 0.9 percent on quarter in the third quarter of 2019, following a 0.3 percent increase in the previous period and beating market expectations of a 0.5 percent gain. Prices went up for agriculture, forestry & fishing (1 percent after being flat in Q2); transport, postal & warehousing (0.6 percent vs 0.1 percent); manufacturing (1.6 percent, the same pace as in Q2); construction (0.8 percent, the same pace as in Q2) and retail trade & accommodation (1.3 percent vs 0.4 percent). In addition, cost rebounded for utilities (2 percent vs -9.2 percent) and wholesale trade (0.6 percent vs -0.1 percent). Output prices went up 1 percent, following a downwardly revised 0.4 percent increase in the previous period. Year-on-year, input prices rose 2.1 percent (vs 2.7 percent in Q2) and output prices advanced 1.8 percent (vs 2.3 percent in Q2).
Producer Prices in New Zealand averaged 707.07 Index Points from 1977 until 2019, reaching an all time high of 1164 Index Points in the third quarter of 2019 and a record low of 165.78 Index Points in the fourth quarter of 1977. This page provides - New Zealand Producer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics New Zealand
Producer Prices in New Zealand is expected to be 1172.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in New Zealand to stand at 1192.00 in 12 months time. In the long-term, the New Zealand Producer Input Prices is projected to trend around 1190.00 Index Points in 2020, according to our econometric models.