Record rise for manufacturing

JAMES WEIR
Last updated 12:06 10/03/2014

Relevant offers

Agribusiness

New Zealand School of Wine planned for Blenheim North Canterbury drought recovery years away LIC profit down in investment drive Feed supplies on farms tight after winter Rural Family Support Trust busy all the time Peach canning industry runs scared of anti-dumping legislation Comvita shares soar on forecast earnings lift Collaboration behind environmental success Silver Fern Farms halts share trading on Unlisted North Canterbury farmers get reprieve on intensification limits

Manufacturing boomed in the December quarter, as meat and dairy manufacturing production ramped up 15 per cent.

The total volume of manufacturing sales jumped 5.7 per cent in the December quarter, a record rise.

"The large meat and dairy volume increase is also seen in export volume rises for dairy and meat products," Statistics NZ industry and labour statistics manager Blair Cardno said.

Recent trade figures showed a 23 per cent lift in dairy export volumes and a 5.5 per cent gain in meat exports.

But other manufacturing sectors also showed increases in the three-month period, after accounting for usual seasonal changes.

The sales volume for all manufacturing, excluding meat and dairy, was up 0.9 per cent in the December 2013 quarter, after a 2.9 per cent increase in the September quarter.

Sales for eight of the other 12 manufacturing industries rose. Transport equipment, and machinery and equipment manufacturing gained 5.9 per cent and fruit, oil, cereal, and other food manufacturing, was up 5 per cent.

The trend for the total manufacturing sales volume, which gives a longer-term picture of movements, was rising - after a low point in the June 2013 quarter.

In current prices, the total manufacturing sales value rose 6.3 per cent ($1.5 billion).

Meat and dairy product manufacturing increased 18 per cent ($1.3b), with dairy prices remaining at high levels, Statistics NZ said.

Ad Feedback

- Fairfax Media

Special offers

Featured Promotions

Sponsored Content