NZ manufacturing sales volumes down

New Zealand manufacturing sales volumes fell 0.2 per cent in the three months to June 30, as petroleum, coal, meat and dairy fell.

RTT news reports that, according to Statistics New Zealand, the fall follows a 0.3 per cent drop in the first quarter.

Sales volumes for the largest sub-sector, meat and dairy fell 0.6 per cent. Excluding meat and dairy, sales volume increased by 0.6 per cent.

The volume of sales for the petroleum and coal product industry fell 5.2 per cent, following two quarters of gains.

"Meat and dairy product manufacturing volumes have also fallen slightly this quarter, after a larger fall in the March 2015 quarter," business indicators senior manager Neil Kelly said.

"The fall in sales compared with the June quarter last year is chiefly due to price falls in dairy and petroleum products."