New Zealand PPI Output Rises More than Expected

2026-05-18 22:57 By Chusnul Chotimah 1 min. read

Producer output prices in New Zealand climbed 0.8% quarter-on-quarter in the March quarter of 2026, accelerating from a 0.1% increase in the previous quarter and exceeding expectations of a 0.5% rise.

It marked the fastest pace since the first quarter of 2025, boosted mainly by two sectors, with the largest contributions coming from cattle farming, which rose 7.5%, while electricity and gas supply increased 6.1%.

By contrast, dairy product manufacturing fell 6.4%.

On a yearly basis, output prices rose 2.2%, accelerating from a 0.5% growth in the fourth quarter of 2025.



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New Zealand PPI Output Rises More than Expected
Producer output prices in New Zealand climbed 0.8% quarter-on-quarter in the March quarter of 2026, accelerating from a 0.1% increase in the previous quarter and exceeding expectations of a 0.5% rise. It marked the fastest pace since the first quarter of 2025, boosted mainly by two sectors, with the largest contributions coming from cattle farming, which rose 7.5%, while electricity and gas supply increased 6.1%. By contrast, dairy product manufacturing fell 6.4%. On a yearly basis, output prices rose 2.2%, accelerating from a 0.5% growth in the fourth quarter of 2025.
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Producer output prices in New Zealand rose by 0.1% quarter-on-quarter in the December quarter of 2025, easing from a 0.6% increase in the previous quarter and less than the expected 0.7%. The increase was supported by broad-based movements across sectors, with the largest contributions coming from electricity and gas supply fell 16.9%, dairy cattle farming dropped 9%, while sheep, beef cattle, and grain farming, rose 7.1%.
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Producer output prices in New Zealand rose by 0.6% quarter-on-quarter in the September quarter of 2025, unchanged from a 0.6% gain in the previous quarter. The increase was supported by broad-based movements across sectors, with the largest contributions coming from sheep, beef cattle, and grain farming (up 10.3%), followed by fruit, oil, cereal and other food product manufacturing up 5.7%, while electricity and gas supply fell 11.5%.
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