Capital goods continue price climb

By Phil Boeyen, ShareChat Business News Editor

Tuesday 20th November 2001

There's been another quarterly increase in the price of capital goods.

Statistics New Zealand says the capital goods index rose 0.3% in the September quarter, with the main contribution coming a 1.8% rise in the index for "other construction".

"This rise was mainly driven by higher prices for the construction of transport ways (roads and railways), which showed an increase of 4.7%," Statistics NZ says.

Other increases were a 0.2% rise in the residential buildings index and a 0.3% increase in the non-residential buildings index.

The September quarter is the eleventh consecutive quarter for which an annual increase has been recorded in the Capital Goods Price Index.

It is now 3% higher than the September quarter last year.

Capital Goods are used to make other products and are also referred to as fixed assets.

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