New Zealand Capital Goods Prices Add 0.5% In Q3

(RTTNews) - The price of purchasing new capital items rose 0.5 percent in the third quarter of 2014, Statistics New Zealand said on Thursday.

Four of six asset groups measured by the capital goods price index rose.

The major upward contributions to the CGPI came from higher prices for residential buildings (up 1.0 percent) and non-residential buildings (up 0.8 percent).

The gains were offset by a fall in transport equipment prices (down 0.6 percent).

On a yearly basis, the CGPI climbed 2.3 percent. The increases for residential buildings (up 4.7 percent) and non-residential buildings (up 4.1 percent) were the main contributors to the change.