> New Zealand Q2 PPI data: Input PPI 0.6% q/q (vs. 0.6% expected), Output PPI 1.0% q/q (vs. 0.7% expected)

New Zealand Q2 PPI data: Input PPI 0.6% q/q (vs. 0.6% expected), Output PPI 1.0% q/q (vs. 0.7% expected)

Sunday, 18/08/2013 | 22:46 GMT-0

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The output PPi is above expectations while the input PPI is on expected. The strength in the New Zealand economy is supporting the PPI, though inflation is remaining relatively subdued. House price inflation is strong, though, with the RBNZ likely to recommend macro prudential measures rather than interest rate rises at this stage to help combat this.