Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Growth In Manufacturing Slows

Economic Survey Of Manufacturing: June 2000 Quarter

Growth in manufacturing sales slowed in the June 2000 quarter, Statistics New Zealand's latest Quarterly Manufacturing Survey shows. After seasonal variations were removed, sales rose by just 0.7 per cent, the smallest increase since December 1998. The increase was driven by rising prices. With inflationary effects removed, the volume of sales fell by 0.6 per cent.

Manufacturing output prices have now been rising for five consecutive quarters. In the latest quarter they were on average 1.4 per cent higher than in the March 2000 quarter. The low New Zealand dollar continues to place upward pressure on prices. Input prices, which have followed a similar trend to output prices, increased by 1.7 per cent.

Growth in seasonally adjusted sales was mixed in the June 2000 quarter with half of the 10 industries recording increased sales and the other half recording a drop in sales from the last quarter. The largest increase came from petroleum, coal, chemical and associated product manufacturing with $133 million additional sales. This was due to higher sales of basic chemical manufactured products, which includes fertiliser manufacturing and methanol production. Improving pulp prices and increased demand for pulp, paper and paperboard from Asian markets contributed to the increase of $111 million in sales of wood and paper manufactured products.

Meat and dairy manufactured products provided an offsetting decrease in sales of $125 million, following four quarters of successive growth. According to media reports dairy herds in Waikato dried off earlier than usual due to dry weather conditions. This may have contributed to a fall in dairy product sales. Approximately a third of the national dairy herd is in Waikato.

Ian Ewing Deputy Government Statistician


© Scoop Media

Business Headlines | Sci-Tech Headlines


Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>