NZ manufacturing sales rise

New Zealand manufacturing sales rose in the September quarter, following a drop in the previous quarter.

According to Statistics New Zealand, the seasonally adjusted figures showed that total manufacturing in the quarter rose by 0.4 percent, compared to a 0.6 per cent drop in the previous period.

Excluding meat and dairy product manufacturing, sales rose by 0.9 percent. Meat and dairy product manufacturing fell by 1.4 percent.

At the same time, the total value of manufacturing fell by 1.2 percent. There was a 4.8 percent drop in meat and dairy product manufacturing. When that sector is excluded, values rose by 0.4 percent.

The best performing sector in the September quarter was metal product manufacturing which increased by 5.1 percent. Fabricated metal products such as structural steel, architectural aluminium and metal roofing were the best performers.

Transport equipment, machinery and equipment manufacturing rose by 3.5 per cent, while oil and coal product manufacturing fell by 4.5 per cent.

"While meat and dairy manufacturing sales volumes have fallen in recent quarters, manufacturing excluding meat and dairy has risen for the last six quarters," business indicators manager Neil Kelly said.

Leave a Reply