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Mixed Results for Manufacturing

Economic Survey of Manufacturing: December 2005 quarter

16 March 2006

Mixed Results for Manufacturing

Seasonally adjusted manufacturing sales for the December 2005 quarter increased 0.3 percent compared with the September 2005 quarter, Statistics New Zealand said today. The increase follows consecutive decreases of 0.3 percent and 0.2 percent for the September 2005 and June 2005 quarters, respectively.

With the exclusion of the meat and dairy product manufacturing industry, seasonally adjusted sales for manufacturing decreased 0.3 percent in the December 2005 quarter compared with the previous quarter.

The meat and dairy product manufacturing industry contributed the highest dollar value change in seasonally adjusted sales for the December 2005 quarter (up 6.0 per cent), followed by other food manufacturing (up 2.0 percent). These increases were offset by the decreases in machinery and equipment manufacturing (down 6.0 percent), and basic metal manufacturing (down 15.1 percent).

The sales trend has flattened over the last six quarters, following a period of stronger growth since the turning point in the March 2003 quarter.

With the effect of price changes removed, seasonally adjusted manufacturing sales increased 0.4 percent for the December 2005 quarter, following a decrease of 1.8 percent for the September 2005 quarter and an increase of 0.1 percent for the June 2005 quarter. The meat and dairy product manufacturing industry contributed significantly to this increase, rising 9.7 percent.

Brian Pink
Government Statistician

ENDS

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