Manufacturing sales stable

Last updated 13:13 10/09/2012

Relevant offers

Industries

Southern Response to get more Government money if needed Faster bank payments may encourage cyber-crime Cocktails and oysters in Air New Zealand's new Sydney Airport lounge Southern Cross Cable cuts a 'timely reminder': Tuanz Council of Trade Unions president Helen Kelly's doctors 'very pessimistic' No quake help for building owners in Budget Manuka honey company Comvita profit up 28 per cent to record high Serko riding a 'rocket ship' of sales Mighty Ape snaps up failed online retailer LeftBrain Govt property plans will attract Chinese investors

Manufacturing sales volumes rose slightly in the June 2012 quarter, latest figures from Statistics New Zealand show.

After adjusting for seasonal effects, the volume of all manufacturing sales rose 0.3 per cent compared with the first three months of the year.

However the total value of manufacturing fell 1.1 per cent in the quarter.

''This quarter's increase was the result of an almost even split of seven industries rising and six industries falling,'' industry and labour statistics manager Blair Cardno said.

The main movers in the quarter were: meat and dairy product manufacturing, up 1.8 per cent; transport equipment and machinery and equipment manufacturing, up 4.7 per cent; and petroleum and coal product manufacturing, down 9.0 per cent.

Excluding meat and dairy product manufacturing, sales values were relatively unchanged.

Values in the meat and dairy category fell 3.1 per cent in the three-month period.

The trend for the manufacturing sales volume, which gives a longer-term picture of movements, indicates manufacturing volumes have been fluctuating around the same level for three-and-a-half years, Statistics said.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content