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Capital goods continue price climb

By Phil Boeyen, ShareChat Business News Editor

Tuesday 20th November 2001

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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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