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New Zealand Q1 2023 Output PPI 0.3% q/q (expected 1.3%) Input 0.2% q/q ( expected 1.5%)

The New Zealand PPI (Producer Price Index) includes both inputs (such as raw materials, energy, and labor) and outputs (such as goods and services produced).Both measures have come in lower than expected and lower than the previous quarter. Pointing to reduced price pressures in the NZ economy, at least at this wholesale level. At the margin this will trim NZ rate hike expectations. The Reserve Bank of New Zealand next meet on May 24 and a +25 hike is expected. ---The PPI is published quarterly... Read More

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Posted: May 17 2023, 22:45

Author Name: forexlive

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