Machinery costlier
PA Wellington Prices rose in 50 of the 62 productive capital asset indices in the Statistics Department’s index of capital spending during the September quarter. The largest price increases were recorded by machinery: non self-pro-pelled construction machinery and quarrying machinery rising 11.5 per cent in price during the quarter, other harvesting and mowing machinery 7.8%, helicopters 5.4%, self-propelled harvesting and construction machinery 4.0%, and woodworking machinery 4%.
The biggest annual increases to September included: helicopters 14.8%, transportable containers 13.4%, textile machinery 11.2%, and refrigeration equipment 10.5%.
Eleven indices recorded price falls, and one had no change, with the largest price drops including: portable power tools down 2.5%, office and shop furniture and fittings 2%, stereo equipment 1.4%, and telecommunications equipment 1%. The largest drop over the 12 months ended September included: Cars over 1600 cc engine capacity 3.4%, cars of 1600 cc and under 3.1%, commerical vehicles 3500 kg and under 3%, stereo equipment 5.7%, and portable power tools 2.6%.
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Bibliographic details
Press, 29 November 1989, Page 46
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162Machinery costlier Press, 29 November 1989, Page 46
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Acknowledgements
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