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.
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 May of 2020. source: Statistics New Zealand
Producer Prices in New Zealand is expected to be 1180.00 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 1180.00 in 12 months time. In the long-term, the New Zealand Producer Input Prices is projected to trend around 1190.00 points in 2021, according to our econometric models.