New Zealand third quarter producer price rises not as fast as expected
Data from Stats NZ.
New Zealand PPI Outputs +0.6% q/q
expected 0.7%, prior 0.6%
Inputs 0.2% q/q
expected 0.9%, prior 0.6%
Slower wholesale inflation will be welcomed by the Reserve Bank of New Zealand. The bank is continuing on its easing cycle in order to address NZ economic growth cocnerns.
This article was written by Eamonn Sheridan at investinglive.com.