Producer price output in New Zealand was down 0.9 percent on quarter in the first quarter of 2015, Statistics New Zealand said on Tuesday – missing forecasts for a decline of 0.8 percent after easing 0.1 percent in the previous three months.
Producer price input dropped 1.1 percent on quarter after losing 0.4 percent in the three months prior.
On a yearly basis, PPI output shed 2.5 percent after losing 0.8 percent in the fourth quarter, while PPI inputs tumbled 4.0 percent after falling 1.9 percent in the previous three months.
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