Sharechat Logo

Manufacturing volumes down, values up

Wednesday 8th December 2010

Text too small?

Manufacturing volumes fell a seasonally adjusted 1.4% in the September quarter from the previous three months, its third consecutive decline.

Despite the fall in volume, the value of sales rose a seasonally adjusted 1.3%, driven by a 3.2% rise in meat and dairy, Statistics New Zealand (SNZ) said today.

Volume declines included paper and paper product manufacturing down 7.9%, wood products down 5%, petroleum and industrial chemicals down 8.2%, machinery and equipment down 3%, and meat and dairy product manufacturing down 0.9%.

Partly offsetting the falls, transport equipment manufacturing volumes were up 8.5% in the September quarter, while beverage, malt and tobacco volumes lifted 4.1%.

When meat and dairy product manufacturing was excluded from the total, the volume of sales was down 1.9%, while the value of sales fell 0.5%.

The volume of sales for meat and dairy product manufacturing was 10.5% lower than in the December quarter, following three quarters of decline, SNZ said.

Dairy product values rose 3.9% in the latest quarter, with meat products up 2%.

Petroleum and industrial chemical manufacturing values fell 9.9% or $74 million in the September quarter, while beverage, malt and tobacco manufacturing values rose $59 million or 5.8%, transport equipment rose $54 million or 8.8%, and wood product manufacturing dropped $41 million or 3.6%.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

VCT - Operational performance for the year ended 30 June 2024
Challenge to banks the way to go
Bigger returns or lower risk?
NPH - Director Appointment
July 19th Morning Report
Wellington International Airport Ltd (“WIA040”) - Maturity
Devon Funds Morning Note - 18 July 2024
CNU - Commerce Commission releases draft Price Quality decision
Precinct FY24 Annual Results and Webcast Details
Scott Technology appoints new CEO