NZ data, Q2 PPI Outputs +0.9% q/q (prior 0.2%) and Inputs +1.0% q/q (prior 0.6%)

A weaker NZD will have played a role I guess

Summary from Stats NZ:

• PPI outputs were up mainly due to higher prices for whole milk powder and fuel.
• PPI inputs were up mainly due to higher prices for imported crude oil.

NZD not fussed … barely a ripple