Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexEconomic EventsPress releases

New Zealand 1Q Producer Input Prices +0.3% Vs 4Q

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/17/2012 | 01:13am CET
   By Lucy Craymer 
   Of  
 

Prices for goods and services used by New Zealand's producers, or input prices, continued to rise in the first quarter, while output prices fell due to lower international commodity prices.

Statistics New Zealand said Thursday that input prices, measured by its producer price index, rose 0.3% in the first quarter from the fourth, when they rose 0.5% on the quarter.

Output prices, or prices for goods and services produced in New Zealand, fell 0.1% from the fourth quarter, when they rose 0.1%. This is the first time the index has fallen since the fourth quarter of 2009.

"Manufacturers received lower prices for products such as meat, dairy, pulp and paper due to lower international prices and a higher New Zealand dollar. This flowed through to lower prices paid to farmers for sheep, beef and milk," Statistics New Zealand said in a statement.

The agricultural sector is the back bone of New Zealand's economy, with dairy the country's primary export. Milk powder prices have fallen sharply since their peak in early 2011 and are now down 41%, according to data from the GlobalDairyTrade twice monthly auctions.

Even as commodity prices have fallen, farm expenses have risen. Statistics New Zealand's farm expenses price index, which is only released for the March quarter, registered a 6.7% rise in farm expenses on the first quarter of 2011, with the cost for livestock up 28.8% over the same period.

-By Lucy Craymer, Dow Jones Newswires; +64-4-471-5990; lucy.craymer@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
01:16aDJNEWS HIGHLIGHTS : Top Global Markets News of the Day
01:16aDJCARL ICAHN : Top Company News of the Day
01:06a UK consumer confidence slumps to post-Brexit vote low - YouGov/Cebr
12:57a MERCOSUR TO OFFER EU FASTER REDUCTION IN TARIFFS : Argentine negotiator
12:54a Canadian regulator denies request to suspend Omega Securities
12:42a UNIVERSITY OF MELBOURNE : Air pollution can increase asthma risk in adults, even at low levels
12:37a AUSTRALIAN WOOL INNOVATION : Updated flystrike publications show research and development progress
12:02a DEPARTMENT OF TREASURY AUSTRALIAN GOVERNMENT : Small biz innovation strong in Armidale
11/23 PM ATTENDING EASTERN PARTNERSHIP SUMMIT : 23 November 2017
11/23 FEDERATED FARMERS OF NEW ZEALAND : Economic Week - Tax Working Group announced
Latest news "Economy & Forex"
Advertisement