Asian Economic News

New Zealand PPI +0.8% On Quarter

Output producer prices for New Zealand were up 0.8 percent in the first quarter of 2013 compared to the previous three months, Statistics New Zealand said on Friday.

That beat expectations for a flat reading following the 0.1 percent decline in the previous three months.

Input producer prices also were up 0.8 percent on quarter versus forecasts for a 0.2 percent increase following the 0.3 percent contraction in the three months prior.

On a yearly basis, output prices were up 0.1 percent and input prices were flat.

by RTTNews Staff Writer

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