Manufacturing down again

Thursday 8 December 2011, 1:52PM
By Statistics New Zealand

The volume of manufacturing sales is down for the second consecutive quarter, Statistics New Zealand said today.

The September 2011 quarter sales volume fell 1.4 percent (seasonally adjusted), which was similar to the June quarter's decrease.

"Two of the largest manufacturing industries, meat and dairy, and metal products, drove the September fall," industry and labour statistics manager Neil Kelly said.

Meat and dairy manufacturing, which is nearly one-third of all manufacturing, fell 1.9 percent while metal product manufacturing fell 4.7 percent.

Of the remaining 11 industries, five recorded decreases.

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 nearly three years.

See also:
Economic Survey of Manufacturing: September 2011 quarter
– Information release