New Zealand Q3 PPI: Outputs +0.6% (+0.7% expected) Inputs +0.2% (expected +0.9%)

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.