9 Dec 2013

Manufacturing sales on the rise

1:12 pm on 9 December 2013

Manufacturing sales rose in the September quarter with signs the Canterbury rebuild is filtering through to the sector.

Official figures show the volume of manufacturing sales rose 0.5% in the three months to the end of September compared with the previous quarter, despite a 2.7% fall in meat and dairy product manufacturing.

ANZ senior economist Mark Smith says there are signs the $40 billion Canterbury rebuild is boosting manufacturing.

Mr Smith says the manufacturing sector is likely to make a strong positive contribution to third quarter GDP.

Meanwhile, the value of manufacturing sales rose 4.7% in the September quarter, boosted by high dairy prices.