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Producer Prices

Main Indicator: Producer Price Index Input q/q

Most Recent Release

February
15th, 2010

Actual

Forecast

Revised Form

0.3%

0.5%

-1.1%

N/A

For 4th Quarter
Provided by: Statistics New Zealand
Official Release: HTML PDF

From the Release: "Producers’ output prices declined, while the input prices they faced rose in the December 2009 quarter, Statistics New Zealand said today. Both indexes were strongly influenced by prices received by farmers and by prices paid and received by food manufacturers. The producers price index measures changes in prices received by producers (known as output prices), and changes in the costs of production, excluding labour and depreciation costs (known as input prices).

Key influences on the inputs index, which was up 0.3 percent in the December 2009 quarter, were:

a 15.2 percent increase for dairy product manufacturing, driven by higher forecast prices for milk at the farm-gate
a 6.7 percent increase for electricity generation and supply, driven by higher costs of electricity generation and natural gas (used in the generation of electricity)
a 9.3 percent decline for meat and meat product manufacturing, driven by lower prices for sheep and cattle livestock
a 0.9 percent decline for wholesale trade, driven by lower imported crude oil prices."

Table of Past Data

	11/13	2/12	5/15	8/18	11/18	2/15	5/17	8/18	11/15	2/15

Actual	2.3%	1.3%	2.3%	5.6%	3.7%	-2.2%	-2.5%	0.0%	-1.1%	0.3%
Forecast	1.1%		1.1%	2.6%	3.0%	0.2%	-0.1%	-0.9%	0.0%	0.5%
Previous	1.3%	2.3%	1.3%	2.3%	5.6%	3.7%	-2.2%	-2.5%	0.0%	-1.1%
Revised From	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Secondary Indicator: Producer Price Index Output q/q

Most Recent Release

February
15th, 2010

Actual

Forecast

Revised Form

-0.4%

0.4%

-1.4%

N/A

For 4th Quarter
Provided by: Statistics New Zealand
Official Release: HTML PDF

From the Release: "Key influences on the outputs index, which was down 0.4 percent in the December 2009 quarter, were:

an 8.5 percent decline for meat and meat product manufacturing, driven by lower export lamb and beef prices
a 4.8 percent decline for livestock and cropping farming, driven by lower prices for sheep and cattle
a 17.8 percent increase for dairy cattle farming, driven by higher forecast prices for milk at the farm-gate."

Table of Past Data

	11/13	2/12	5/15	8/18	11/18	2/15	5/17	8/18	11/15	2/15

Actual	1.6%	1.5%	1.8%	3.5%	2.8%	1.4%	-1.4%	-0.7%	-1.4%	-0.4%
Forecast	1.1%	1.0%	1.4%	2.1%	2.0%	0.2%	0.4%	-0.5%	0.3%	0.4%
Previous	1.2%	1.6%	1.5%	1.8%	3.5%	2.8%	1.4%	-1.4%	-0.7%	-1.4%
Revised From	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Past Releases

Producer Price Index Input q/q

November
15th, 2009

Actual

Forecast

Revised Form

-1.1%

0.0%

N/A

For 3rd Quarter
Provided by: Statistics New Zealand
Official Release: HTML PDF

From the Release: "Producers’ prices fell in the September 2009 quarter, with output prices falling 1.4 percent and input prices falling 1.1 percent, Statistics New Zealand said today. Both output and input prices were influenced by falling dairy prices."

Producer Price Index Output q/q

November
15th, 2009

Actual

Forecast

Revised Form

-1.4%

0.3%

-0.7%

N/A

For 3rd Quarter
Provided by: Statistics New Zealand
Official Release: HTML PDF

Producer Price Index Input q/q

August
18th, 2009

Actual

Forecast

Revised Form

0.0%

-0.9%

-2.5%

N/A

For 2nd Quarter
Provided by: Statistics New Zealand
Official Release: HTML PDF

Producers' output prices fell 0.7 percent in the June 2009 quarter, while input prices remained unchanged, Statistics New Zealand said today.

Producer Price Index Output q/q

August
18th, 2009

Actual

Forecast

Revised Form

-0.7%

-0.5%

-1.4%

N/A

For 2nd Quarter
Provided by: Statistics New Zealand

Producer Price Index Input q/q

May
17th, 2009

Actual

Forecast

Revised Form

-2.5%

-0.1%

-2.2%

N/A

For 1st Quarter
Provided by: Statistics New Zealand
Official Release: PDF

From the Release: "Producers' input prices, as measured in the Producers Price Index (PPI), fell 2.5 percent and output prices fell 1.4 percent in the March 2009 quarter, Statistics New Zealand said today. Lower prices for imported crude oil and for fuel made major contributions to the fall in input prices, while lower prices in the dairy product manufacturing index drove down output prices. The 2.5 percent fall in the inputs index is the largest since the series began in the December 1977 quarter.

Lower prices for imported crude oil (a major input to fuel wholesaling) contributed to a 12.7 percent fall in the wholesale trade inputs index. The fall in the wholesale trade index followed an 11.7 percent fall in the December 2008 quarter and an 8.3 percent rise in the September 2008 quarter."

Producer Price Index Output q/q

May
17th, 2009

Actual

Forecast

Revised Form

-1.4%

0.4%

1.4%

N/A

For 1st Quarter
Provided by: Statistics New Zealand
Official Release: PDF

PPI Output y/y 6.5%, pr. 9.9% (4Q), 9.8% (3Q), pr. 8.5% (2Q)

Producer Price Index Input q/q

February
15th, 2009

Actual

Forecast

Revised Form

-2.2%

0.2%

3.7%

N/A

For 4th Quarter
Provided by: Statistics New Zealand
Official Release: PDF

Producer Price Index Output q/q

February
15th, 2009

Actual

Forecast

Revised Form

1.4%

0.2%

2.8%

N/A

For 4th Quarter
Provided by: Statistics New Zealand
Official Release: PDF

PPI Output y/y 9.9% pr. 9.8% (3Q), pr. 8.5% (2Q)

From the Release: "Producers' output prices, as measured in the Producers Price Index, rose 1.4 percent and input prices fell 2.2 percent in the December 2008 quarter, Statistics New Zealand said today. The main contributor to the rise in output prices was the dairy product manufacturing index, while fuel wholesaling within the wholesale trade index, was the most significant contributor to the fall in the inputs index.

In the year to the December 2008 quarter, the PPI outputs index rose 9.9 percent and the PPI inputs index rose 9.7 percent."

Producer Price Index Input q/q

November
18th, 2008

Actual

Forecast

Revised Form

3.7%

3.0%

5.6%

N/A

For 3rd Quarter
Provided by: Statistics New Zealand
Official Release: PDF

Producer Price Index Output q/q

November
18th, 2008

Actual

Forecast

Revised Form

2.8%

2.0%

3.5%

N/A

For 3rd Quarter
Provided by: Statistics New Zealand
Official Release: PDF

PPI Output y/y 9.8%, pr. 8.5% (2Q)

Producer inflation decelerated in the 3rd quarter, showing a quarterly growth rate of 2.8% compared to 3.5% in the 2nd quarter. However forecasts had called for an even bigger slowdown. Fuel prices were the main culprit in driving up producers' prices. On the year, prices were higher than in the 2nd quarter, increasing to 9.8%.

From the Release: "Producers’ prices rose in the September 2008 quarter, with output prices up 2.8 percent and input prices up 3.7 percent, Statistics New Zealand said today. For both indexes, the major contribution came from the fuel wholesaling sector within the wholesale trade industry group."

Producer Price Index Input q/q

August
18th, 2008

Actual

Forecast

Revised Form

5.6%

2.6%

2.3%

N/A

For 2nd Quarter
Provided by: Statistics New Zealand
Official Release: PDF

Input prices jumped up 5.6% in the June quarter, following 4 consecutive quarters of increases. This month's increase more than double the fastest pace in any of these quarters, and marked the fastest increase since the March 1990 quarter.Electricity generation was the largest contribution, rising 50.8% in the June quarter, the highest since the series for this component began in June 1994.

From the Release: "Producers’ prices rose in the June 2008 quarter, with output prices up 3.5 percent and input prices up 5.6 percent, Statistics New Zealand said today.

Within the inputs index, electricity generation and supply rose 50.8 percent in the latest quarter and 85.4 percent in the year to the June 2008 quarter. Both movements are the largest since the series began in the June 1994 quarter. Lower lake levels were the cause of higher costs for electricity generation this quarter."

Producer Price Index Output q/q

August
18th, 2008

Actual

Forecast

Revised Form

3.5%

2.1%

1.8%

N/A

For 2nd Quarter
Provided by: Statistics New Zealand
Official Release: PDF

PPI Output y/y 8.5%, largest since September 1987 quarter.

Output prices surged by the largest percentage since June quarter of 1985. Electricity generation was the largest contributor, jumping 30.9%, the largest increase for this component since its records began in June 1994.The wholesale trade index up 6.0 as the second largest contributor, continues to rise due to higher prices for fuel. The 6.0% is the largest annual increase for this component since 1994 when the series began.The surge in inflation may be a deterrent on RBNZ's rate cut campaign, after cutting the Official Cash Rate from 8.25% to 8.00% in July.

From the Releae: "Producers’ prices rose in the June 2008 quarter, with output prices up 3.5 percent and input prices up 5.6 percent, Statistics New Zealand said today. The rise in the outputs index is the largest quarterly rise since the June 1985 quarter, while the rise in the inputs index is the largest since the March 1980 quarter. Both indexes were mainly driven by higher prices for electricity generation and supply.

The electricity generation and supply outputs index rose 30.9 percent in the latest quarter, the largest rise since the series began. Higher output prices for electricity generation were recorded, with lower lake levels pushing up spot prices. In the year to the June 2008 quarter, the electricity generation and supply index rose 41.7 percent, which is also the largest annual rise since the series began."

Producer Price Index Input q/q

May
15th, 2008

Actual

Forecast

Revised Form

2.3%

1.1%

1.3%

N/A

For 1st Quarter
Provided by: Statistics New Zealand
Highlights: Current Release
Official Release: PDF

From the release:

Outputs
The Producers Price Index (PPI) outputs index rose 1.8 percent.

Output prices for dairy product manufacturing index rose 13.7 percent.

Output price index rose 6.1 percent between the March 2007 and the March 2008 quarters.
Inputs
The PPI inputs index rose 2.3 percent.

Input prices for electricity generation and supply index rose 41.7 percent.

Input price index rose 7.4 percent between the March 2007 and the March 2008 quarters.

Producer Price Index Output q/q

May
15th, 2008

Actual

Forecast

Revised Form

1.8%

1.4%

1.5%

N/A

For 1st Quarter
Provided by: Statistics New Zealand
Highlights: Current Release
Official Release: PDF

From the release:

Outputs
The Producers Price Index (PPI) outputs index rose 1.8 percent.

Output prices for dairy product manufacturing index rose 13.7 percent.

Output price index rose 6.1 percent between the March 2007 and the March 2008 quarters.
Inputs
The PPI inputs index rose 2.3 percent.

Input prices for electricity generation and supply index rose 41.7 percent.

Input price index rose 7.4 percent between the March 2007 and the March 2008 quarters.

Producer Price Index Input q/q

February
12th, 2008

Actual

Forecast

Revised Form

1.3%

2.3%

N/A

For 4th Quarter

Provided by: Statistics New Zealand
Highlights: Current Release
Official Release: PDF

"Input prices for all industries in the PPI rose 1.3 percent in the December 2007 quarter, following increases of 2.3 percent and 1.3 percent in the September 2007 and June 2007 quarters, respectively.

The most significant upward contribution to the PPI inputs index came from a 5.0 percent increase in the wholesale trade index which was driven by the mineral, metal and chemical wholesaling index due to higher crude oil prices.

The meat and meat product manufacturing index (up 3.8 percent) was the second most significant driver for the rise in input prices in the December 2007 quarter."

Producer Price Index Output q/q

February
12th, 2008

Actual

Forecast

Revised Form

1.5%

1.0%

1.6%

N/A

For 4th Quarter

Provided by: Statistics New Zealand
Highlights: Current Release
Official Release: PDF

""Output prices for all industries in the PPI rose 1.5 percent in the December 2007 quarter. This follows consecutive rises of 1.6 percent and 1.2 percent in the September 2007 and June 2007 quarters, respectively.

In the December 2007 quarter, the dairy product manufacturing index (up 15.0 percent) made the most significant contribution to the rise in the PPI outputs index. This was driven by higher export prices for milk powder, cheese and butter. The second most significant contribution to the PPI outputs index was the wholesale trade index, which rose 3.1 percent. The main driver in this index was mineral, metal and chemical wholesaling largely due to higher fuel prices."

Producer Price Index Input q/q

November
13th, 2007

Actual

Forecast

Revised Form

2.3%

1.1%

1.3%

N/A

For 3rd Quarter

Input prices were inflated by input prices for dairy product manufacturing, which rose 26.5% in the quarter. The second largest upward contribution came from meat and meat product manufacturing, which was up 7.3%. On the year to the September quarter, input prices for all industries rose 1.7%, according to StatNZ.

Producer Price Index Output q/q

November
13th, 2007

Actual

Forecast

Revised Form

1.6%

1.1%

1.2%

N/A

For 3rd Quarter

Output prices were lifted partly by the 28.8% increase in dairy cattle farming prices for the quarter, which is the largest increase since the series started in June quarter of 1994. Dairy product manufacturing index rose 8.2% and was the second most significant upward contribution to the PPI output index, according to StatNZ. On the year in Q3, prices rose 2.1%.