NZ Q2 Producer Price Index Release

NZ Q2 Producer Price Index Release

The NZ Q2 Producers Price Index (PPI) for has just been released.

The PPI came in better than expected.

NZ PPI Q2 (compared with Q1):

PPI Inputs +1.4% Consensus +0.9%
PPI Outputs +1.3% Consensus +0.7%

The NZD-USD is little moved in immediate response.

The PPI feeds into the more closely watched CPI.

There is no other significant NZ data on the calendar this week.

Current indicative levels are:

NZDUSD 0.7300 / 0.7325
NZDAUD 0.9215 / 0.9240
NZDEUR 0.6195 / 0.6220
NZDGBP 0.5660 / 0.5685
NZDJPY 80.40 / 80.65

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