Producer input prices in New Zealand decreased 1 percent on quarter in the three months to June 2020, following a 0.3 percent drop in the prior period. It was the biggest decline in producer input prices since the first quarter of 2016, mostly due to a drop in cost of crude oil as fewer people travelled by air or road during the coronavirus lockdowns. Cost of manufacturing fell further (-4.0 percent vs -1.2 percent in Q1), mainly dragged by a 34 percent drop in petroleum & coal manufacturing (vs 0.2 percent). Also, prices dropped for mining (-4.8 percent vs 0.6 percent), construction (-0.3 percent vs 0.3 percent), and transport, postal and warehousing services (-4.0 percent vs 0.3 percent). In contrast, prices for utilities rebounded 3.4 percent after falling a sharp 4 percent. Output prices declined 0.3 percent after edging up 0.1 percent in the prior period.

Producer Prices in New Zealand averaged 712.54 points from 1977 until 2020, reaching an all time high of 1169 points in the fourth quarter of 2019 and a record low of 165.78 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. New Zealand Producer Input Prices - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Statistics New Zealand

Producer Prices in New Zealand is expected to be 1158.00 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 1169.00 in 12 months time. In the long-term, the New Zealand Producer Input Prices is projected to trend around 1173.00 points in 2021 and 1180.00 points in 2022, according to our econometric models.

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New Zealand Producer Input Prices

Actual Previous Highest Lowest Dates Unit Frequency
1153.00 1165.00 1168.00 165.78 1977 - 2020 points Quarterly
2010Q4=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-18 10:45 PM PPI Input QoQ Q1 -0.3% 0.3% 0.5%
2020-05-18 10:45 PM PPI Output QoQ Q1 0.1% 0.4% 0.7%
2020-08-18 10:45 PM PPI Output QoQ Q2 -0.3% 0.1% 0.3%
2020-08-18 10:45 PM PPI Input QoQ Q2 -1% -0.3% 0.1%


News Stream
New Zealand Producer Input Prices Fall the Most in Over 4 Years
Producer input prices in New Zealand decreased 1 percent on quarter in the three months to June 2020, following a 0.3 percent drop in the prior period. It was the biggest decline in producer input prices since the first quarter of 2016, mostly due to a drop in cost of crude oil as fewer people travelled by air or road during the coronavirus lockdowns. Cost of manufacturing fell further (-4.0 percent vs -1.2 percent in Q1), mainly dragged by a 34 percent drop in petroleum & coal manufacturing (vs 0.2 percent). Also, prices dropped for mining (-4.8 percent vs 0.6 percent), construction (-0.3 percent vs 0.3 percent), and transport, postal and warehousing services (-4.0 percent vs 0.3 percent). In contrast, prices for utilities rebounded 3.4 percent after falling a sharp 4 percent. Output prices declined 0.3 percent after edging up 0.1 percent in the prior period.
2020-08-18
New Zealand Producer Input Prices Drop in Q1
Producer input prices in New Zealand declined 0.3 percent on quarter in the three months to March 2020 following an upwardly revised 0.3 percent rise in the prior period. Cost fell for manufacturing (-1.2 percent vs 0.7 percent in Q4), mainly dragged by a 9.2 percent drop in prices for meat & processing. Also, prices for utilities decreased a sharp 4 percent (vs -4.5 percent). Meanwhile, prices slowed for construction (0.3 perceent vs 0.5 percent), wholesale trade (0.1 percent vs 0.4 percent), transport (0.3 percent vs 1 percent), and professional & administrative services (0.5 percent vs 0.7 percent). In contrast, prices for mining increased by 0.6 percent for the second quarter. Output prices edged up 0.1 percent, after increasing 0.4 percent in the prior period. Year-on-year, input prices advanced 1.2 percent and output prices rose 2.2 percent.
2020-05-18
New Zealand Producer Prices Slow Down in Q4
Producer input prices in New Zealand rose 0.1 percent on quarter in the three months to December 2019, slowing from a 0.9 percent rise in the prior period and below forecasts of a 0.4 percent gain. Cost slowed for agriculture, forestry & fishing (0.2 percent vs 1 percent Q3); manufacturing (0.4 percent vs 1.6 percent); construction (0.5 percent vs 0.8 percent); wholesale trade (0.4 percent vs 0.6 percent); retail trade & accommodation (0.2 percent vs 1.3 percent); public administration & safety (0.5 percent vs 0.7 percent) and health (0.1 percent vs 0.5 percent). Also, prices fell for utilities (-4.5 percent vs 2 percent) and rental & real estate services (-0.2 percent vs 0.9 percent); and dropped further for information media & telecommunications (-1.5 percent vs -0.8 percent). Output prices went up 0.4 percent, after increasing 1 percent in the prior period. Year-on-year, input prices advanced 0.3 percent and output prices rose 1.4 percent.
2020-02-19
New Zealand Producer Input Prices Rise 0.9% QoQ in Q3
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).
2019-11-19

New Zealand Producer Input Prices
In New Zealand, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.