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New Zealand NZD

New Zealand PPI Input QoQ

Info

History

Chart

Impact:

Low

Source: Statistics New Zealand

Latest Release:

Date:

Surprise:

-0.7%

Actual:

0.2%

Forecast: 0.9%

Previous/Revision:

0.6%

Period: Q3

Next Release:

Date:

Period: Q4

What Does It Measure?

The New Zealand Producer Price Index (PPI) Input measures the average change over time in the prices received by domestic producers for their output based on their production inputs. It primarily focuses on the costs of goods and services that producers use to create their products, assessing key areas such as inflationary pressures on production costs and overall economic health.

Frequency

The PPI Input report is released quarterly, typically providing final figures a few weeks after the end of each quarter.

Why Do Traders Care?

Traders monitor the PPI Input closely because it serves as an early indicator of inflation, which can influence monetary policy decisions, interest rates, and the overall market sentiment. Increases in PPI can lead to stronger inflation expectations, affecting currency value and impacting stocks, particularly in sectors sensitive to production costs.

What Is It Derived From?

The PPI Input is derived from a systematic collection of price data across various industries in New Zealand, typically from a survey of producers covering diverse sectors such as manufacturing and agriculture. The data is compiled into a diffusion index that reflects percentage changes, allowing for the assessment of price movements on production inputs.

Description

The PPI Input is critical for understanding inflation dynamics in the production sector, making it a leading indicator of potential price trends in consumer goods down the line. Preliminary reports are based on initial price data, while final reports are comprehensive analyses providing a more accurate picture of the input costs, with markets often reacting strongly to the preliminary estimates.

Additional Notes

The PPI Input is generally considered a leading economic indicator as it can foreshadow changing consumer prices, thus linking it to broader inflation trends. This measure is significant not just in New Zealand but can also reflect global supply chain dynamics and compare to similar metrics in other economies.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for NZD, Bearish for Stocks. Lower than expected: Bearish for NZD, Bullish for Stocks. A dovish tone: Signaling lower inflation concerns is usually good for the NZD but bad for Stocks due to cheaper borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Nov 18, 2025	0.2%	0.9%	0.6%	-0.7%
Aug 18, 2025	0.6%	1.4%	2.9%	-0.8%
May 18, 2025	2.9%	0.2%	-0.9%	2.7%
Feb 18, 2025	-0.9%	1.5%	1.9%	-2.4%
Nov 17, 2024	1.9%	1%	1.4%	0.9%
Aug 15, 2024	1.4%	0.5%	0.7%	0.9%
May 16, 2024	0.7%	0.6%	0.9%	0.1%
Feb 20, 2024	0.9%	0.4%	1.2%	0.5%
Nov 16, 2023	1.2%	-0.6%	-0.2%	1.8%
Aug 16, 2023	-0.2%	0.2%	0%	-0.4%
May 17, 2023	0.2%	0.5%	0.5%	-0.3%
Feb 20, 2023	0.5%	1.2%	0.8%	-0.7%
Nov 16, 2022	0.8%	3.6%	3.1%	-2.8%
Aug 16, 2022	3.1%		3.6%
May 18, 2022	3.6%		1.2%
Feb 17, 2022	1.1%		1.6%
Nov 16, 2021	1.6%		3%
Aug 17, 2021	3%		2.1%
May 18, 2021	2.1%		0.1%
Feb 18, 2021	0%		0.6%
Nov 17, 2020	0.6%	0.3%	-0.9%	0.3%
Aug 18, 2020	-1%	0.1%	-0.3%	-1.1%
May 18, 2020	-0.3%	0.5%	0.3%	-0.8%
Feb 19, 2020	0.1%	0.4%	0.9%	-0.3%
Nov 18, 2019	0.9%	0.5%	0.3%	0.4%
Aug 18, 2019	0.3%	-0.6%	-0.9%	0.9%
May 16, 2019	-0.9%	1.4%	1.6%	-2.3%
Feb 19, 2019	1.6%	1.1%	1.4%	0.5%
Nov 18, 2018	1.4%	0.8%	1%	0.6%
Aug 16, 2018	1%	0.4%	0.6%	0.6%
May 16, 2018	0.6%	0.3%	0.9%	0.3%
Feb 19, 2018	0.9%	0.3%	1%	0.6%
Nov 16, 2017	1%	1.2%	1.4%	-0.2%
Aug 16, 2017	1.4%	0.9%	0.8%	0.5%
May 16, 2017	0.8%	0.8%	1%
Feb 19, 2017	1%	2%	1.5%	-1%
Nov 18, 2016	1.5%	0.7%	0.9%	0.8%
Aug 16, 2016	0.9%		-1%
May 17, 2016	-1%		-1.2%
Feb 17, 2016	-1.2%		1.6%
Nov 18, 2015	1.6%		-0.3%
Aug 18, 2015	-0.3%		-1.1%
May 18, 2015	-1.1%	-0.7%	-0.4%	-0.4%