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New Zealand Producer Price Index (PPI) Output QoQ
Latest Release
Nov 17, 2024
Actual1.5%
Forecast0.9%
Previous1.1%
The Producer Price Index (PPI) measures a change in input prices of raw, semi-finished or finished goods and services. If input costs rise, some will be absorbed by the producer and some passed on to the consumer. Conversely, if input costs fall, some of the decline will be enjoyed as wider profit margins by the producer and some will be passed on to the consumer in the form of lower prices. Because PPI impacts consumer prices, it is watched by central bankers as part of fulfilling their mandate of price stability.
A reading that is stronger than forecast is generally supportive (bullish) for the NZD, while a weaker than forecast reading is generally negative (bearish) for the NZD.
A reading that is stronger than forecast is generally supportive (bullish) for the NZD, while a weaker than forecast reading is generally negative (bearish) for the NZD.
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| Nov 17, 2024 (Q3) | 22:45 | 1.5% | 0.9% | 1.1% | |
| Aug 15, 2024 (Q2) | 23:45 | 1.1% | 0.6% | 0.9% | |
| May 16, 2024 (Q1) | 23:45 | 0.9% | 0.5% | 0.7% | |
| Feb 20, 2024 (Q4) | 22:45 | 0.7% | 0.4% | 0.8% | |
| Nov 16, 2023 (Q3) | 22:45 | 0.8% | 0.2% | ||
| Aug 16, 2023 (Q2) | 23:45 | 0.2% | 0.7% | 0.2% |
PPI Output (QoQ) Discussion
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