New Zealand Q1 PPI output -0.5% (prior 0.7%) & PPI input: -0.9% (prior 1.6%)
More data from NZ, this time business level inflation
Both declining in the first quarter of 2019. Stats NZ citing falling electricity prices after these had been higher than usual the previous quarter.
The two pieces of data from NZ this morning have had limited NZD impact.
- PPI Input prices measures the change in the price of goods and raw materials purchased by manufacturers
- PPI Output prices measures the change in the price of goods sold by manufacturers