High dollar has pay off for capital investment
The upside to the high $NZ/US cross rate is clearly evident in data released this morning by Statistics New Zealand.
Plant and machinery prices fell 2% in the final quarter of last year, dropping 2.4% for over the whole year, according to the Capital Goods Index.
A large – 10.5% - drop
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Rob Hosking
Thu, 17 Feb 2011
Thu, 17 Feb 2011
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High dollar has pay off for capital investment
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