Price Level of Capital Formation for New Zealand
PLICPPNZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.12
Year-over-Year Change
8.63%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Capital Formation for New Zealand measures changes in prices of new investment goods and services. It is a key indicator of inflationary pressures and the overall health of the country's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks the prices paid for a basket of capital goods, such as machinery, equipment, and construction materials, used for investment in the New Zealand economy. Economists closely monitor this metric to assess investment activity and guide policy decisions.
Methodology
The data is collected through surveys of businesses and compiled by the New Zealand government's statistical agency.
Historical Context
Policymakers use this index to inform monetary and fiscal policies aimed at promoting stable investment and economic growth.
Key Facts
- The index has a base year of 2010.
- Prices of capital goods account for over 20% of New Zealand's GDP.
- The index is published quarterly by the New Zealand government.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Capital Formation for New Zealand measures changes in the prices of new investment goods and services, such as machinery, equipment, and construction materials.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and the overall health of the New Zealand economy, as it provides insights into investment activity and can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the New Zealand government's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers use this index to inform monetary and fiscal policies aimed at promoting stable investment and economic growth in New Zealand.
Q: Are there update delays or limitations?
A: The index is published quarterly by the New Zealand government, so there may be a short delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Price Level of Capital Formation for New Zealand (PLICPPNZA670NRUG), retrieved from FRED.