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Sales Increase Continues for Manufacturing

Embargoed until 10:45am – 15 December 2006

Sales Increase Continues for Manufacturing

Seasonally adjusted manufacturing sales increased 2.7 percent in the September 2006 quarter, Statistics New Zealand said today. Two-thirds of this increase was due to the meat and dairy product manufacturing, and machinery and equipment manufacturing industries.

The manufacturing sales trend continued to strengthen with this result. The strengthening trend since the December 2005 quarter has coincided with a depreciating New Zealand dollar and increased volumes of exported primary products.

With the effect of price changes removed, seasonally adjusted manufacturing sales increased 1.6 percent for the September 2006 quarter, following an increase of 2.3 percent for the June 2006 quarter.

Ten of the 15 industries recorded higher sales volumes in the September 2006 quarter.

Brian Pink Government Statistician

ENDS

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