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


Prices Lift Manufacturing Results

Economic Survey of Manufacturing: March 2006 quarter
Embargoed until 10:45am — 16 June 2006

Prices Lift Manufacturing Results

Seasonally adjusted manufacturing sales increased 1.0 percent in the March 2006 quarter compared with the December 2005 quarter, Statistics New Zealand said today. However, with the effect of price changes removed, seasonally adjusted manufacturing sales increased 0.1 percent for the March 2006 quarter. This reflects an increase in the values received for sales, rather than the volumes produced.

During the March 2006 quarter, many survey respondents noted the impact of the lower New Zealand dollar, compared with the United States dollar, as a contributing factor in sales increases for some industries.

With the exclusion of the meat and dairy product manufacturing industry, seasonally adjusted sales for manufacturing increased 1.8 percent for the March 2006 quarter, following a decrease of 0.2 percent for the December 2005 quarter.

During the March 2006 quarter, other food manufacturing (which includes for example, oil, flour, cereal, bread, sugar and seafood processing), contributed the highest dollar-value change in seasonally adjusted sales (up 6.4 percent). This was followed by meat and dairy product manufacturing (up 2.0 percent), and rubber, plastic and other chemical product manufacturing (up 6.6 percent). These increases were partly offset by decreases in machinery and equipment manufacturing (down 5.8 percent), and structural, sheet and fabricated metal product manufacturing (down 5.3 percent).

Geoff Bascand
Acting Government Statistician


© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news