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Strong Meat and Dairy Result Lifts Manufacturing

Embargoed until 10:45am – 15 September 2006

Strong Meat and Dairy Result Lifts Manufacturing

Seasonally adjusted manufacturing sales increased 4.9 percent in the June 2006 quarter, Statistics New Zealand said today. The result was led by the strong 8.8 percent increase in seasonally adjusted sales for the meat and dairy manufacturing industry, due mainly to an increase in volumes. Both the meat and dairy commodities recorded substantial increases in the volume and value of seasonally adjusted merchandise exports, over the quarter.

The total seasonally adjusted increase coincided with a depreciating New Zealand dollar and an increase of 3.7 percent in prices received for goods sold by manufacturers. Total manufacturing sales volumes also increased during the quarter, by 2.4 percent.

Other impacts on the seasonally adjusted manufacturing result were the sales increases for the machinery and equipment manufacturing and basic metal manufacturing industries. These were partly offset by a decrease for the non-metallic mineral product manufacturing industry.

Excluding the meat and dairy product manufacturing industry, seasonally adjusted sales for manufacturing increased 2.0 percent, a similar result to the 1.9 percent increase for the March 2006 quarter.

With the exception of a slight decline between the September 2004 and March 2005 quarters, the manufacturing sales trend has experienced growth since a turning point in the June 2003 quarter.

Brian Pink
Government Statistician

ENDS

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