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Manufacturing sales dip in June quarter

Published: Mon 8 Sep 2014 10:51 AM
Manufacturing sales dip in June quarter
8 September 2014
The total manufacturing sales volume fell in the June 2014 quarter, with mixed results across industries, Statistics New Zealand said today.
After adjusting for seasonal effects, the volume of total manufacturing sales fell by 0.7 percent. This was led by a 1.4 percent fall in meat and dairy product manufacturing.
"Meat and dairy manufacturing sales have edged down in the last two quarters following a large rise in the December 2013 quarter," business indicators manager Neil Kelly said.
Other main industry movements were:
• chemical, polymer, and rubber product manufacturing, down 3.0 percent
• petroleum and coal product manufacturing, up 2.4 percent.
The sales volume for total manufacturing, excluding meat and dairy, was up 0.1 percent in the June 2014 quarter. Sales fell for seven of the 12 manufacturing industries in this group.
The trend for the total manufacturing sales volume, which gives a longer-term picture of movements, has flattened after recent rises.
When the effect of price changes is included, the total value of manufacturing sales fell 1.9 percent ($481 million). This decrease was driven by a 5.7 percent ($485 million) fall in meat and dairy product manufacturing sales.
For more information about these statistics:
• Visit Economic Survey of Manufacturing: June 2014 quarter
ends

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