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NZ PPI - Strong rise in Sept quarter

Written by Sam Coxhead on November 18th, 2010.      0 comments

10:45 AM (NZT) New Zealand Producer Price Index (PPI) for inputs rose a strong +.7 for the Sept quarter versus June quarter, against an expectation of +.4%. Outputs were +1.2% against an expectation of +.6%. This is a good indicator on inflationary pressure as manufacturers will pass on increased prices to consumers. There was a small rally in the NZD of 15 – 20 points on the back of this number. Traditionally PPI numbers are more used for “picture building” for the wider economy. Most to the price pressure came from better prices in dairy, lamb and beef.

          Last 24 hours trade
  Current level Pre-NZ PPI Change since PPI   Low High
NZD/USD 0.7709 0.7690 0.2%   0.7628 0.7725
AUD/USD 0.9808 0.9788 0.2%   0.9721 0.9834
NZD/AUD 0.7860 0.7855 0.1%   0.7831 0.7865
AUD/NZD 1.2722 1.2730 -0.1%   1.2714 1.2769
NZD/GBP 0.4845 0.4836 0.2%   0.4805 0.485
NZD/EUR 0.5697 0.5686 0.2%   0.5656 0.5702
NZD/JPY 64.14 64.01 0.2%   63.65 64.24
NZD/CAD 0.7895 0.7886 0.1%   0.7817 0.7894
 

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