Friday 1st April 2011 |
Text too small? |
The volume of manufacturing sales rose a seasonally adjusted 3.3% in the December quarter from the previous three months, for the first gain in four quarters, Statistics New Zealand (SNZ) says.
Meat and dairy product volumes were up 7.9%, while with that category excluded sales were up 0.5%.
Manufacturing values were up 3.1%, with meat and dairy up 7.3%, while the rest gained 0.8%.
The rise in the volume of manufacturing sales in the three months to December followed three quarters of consecutive decreases, SNZ said.
Metal product manufacturing volumes gained a seasonally adjusted 7% in the December quarter, with the chemical, polymer, and rubber product sector up 10.1%, metal products up 7%, the transport equipment, machinery and equipment manufacturing sector rose 2.7%, and beverage and tobacco volumes lifted 4.2%.
Wood and paper product manufacturing volumes fell 4.2%, while textile, leather, clothing, and footwear manufacturing was down 5.7%.
Sectors, other than meat and dairy, that contributed to the seasonally adjusted rise in manufacturing sales values in the December quarter, included a 5.5% rise in metal product values and a 7.2% gain in chemical, polymer, and rubber products.
Beverage and tobacco product values gained 4.9% and wood and paper products were down 5.2%.
The volume of finished goods stocks, which was not seasonally adjusted, was 8.8% lower in the December quarter than a year earlier, with the biggest fall being a 36.9% drop in the petroleum and coal industry, SNZ said.
NZPA
No comments yet
EROAD FY24 Results and Webinar Details
thl reduces FY24 NPAT guidance
May 6th Morning Report
Spark New Zealand appoints new director to the Spark Board
AFT to announce full year results on May 23 2024
CRP - Korella North Takes Another Two Steps Forward
May 3rd Morning Report
ASB workers to strike as bank proposes an effective pay cut
Rising tides, sinking stocks: study explores cost of climate change
May 2nd Morning Report