10 Sep 2012

Manufacturing sales up again

11:43 am on 10 September 2012

Manufacturing sales have risen for the third consecutive quarter, driven by rises in meat, dairy, machinery and equipment.

Statistics New Zealand said on Monday that sales volumes rose a seasonally adjusted 0.3% compared with the March quarter, which rose 1.2%.

Manufacturing volumes have been gradually recovering after falling their lowest level in almost 10 years in the third quarter of 2010.

Excluding meat and dairy products, manufacturing volumes would have risen 0.5%.

Meat and dairy rose 1.8%, transport equipment; machinery and equipment manufacturing rose 4.7%, while petroleum and coal product manufacturing fell 9%.