Slight rise for manufacturing

Manufacturing sales volume showed a slight rise in the June 2012 quarter, Statistics New Zealand said today.

After adjusting for seasonal effects, the volume of all manufacturing sales rose 0.3 percent.

"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 movements this quarter were:

• meat and dairy product manufacturing, up 1.8 percent
• transport equipment; machinery and equipment manufacturing, up 4.7 percent
• petroleum and coal product manufacturing, which shows volatile movements, down 9.0 percent.

 

The decrease in petroleum and coal product manufacturing is consistent with falls in imports reported in both the Overseas Trade Indexes (Volumes): June 2012 quarter (provisional) and the Overseas Merchandise Trade: June 2012 information releases.

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.

See also:  Economic Survey of Manufacturing: June 2012 quarter  –  Information release