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


Meat and dairy dampen manufacturing sales

Meat and dairy dampen manufacturing sales

The meat and dairy product manufacturing industry dominated the seasonally adjusted total manufacturing sales decrease of 2.1 percent for the September 2007 quarter, Statistics New Zealand said today. This industry decreased 6.0 percent compared with the June 2007 quarter, its largest fall since the June 2005 quarter.

Manufacturing sales at December 1997 quarter prices (reflecting volume changes) decreased 4.2 percent during the September 2007 quarter, only the second decline in the past two years and the largest since the start of the series. Again meat and dairy product manufacturing led the decrease with a volume fall of 12.1 percent.

The manufacturing sales trend has flattened in the past year, since the September 2006 quarter.

This follows a period of general growth between the June 2003 and September 2006 quarters of 16.1 percent. With the exclusion of the meat and dairy product manufacturing industry, the manufacturing sector recorded a decrease of 0.8 percent, following consecutive rises for the March and June 2007 quarters. Structural, sheet and fabricated metal product manufacturing led the decrease, partially offset by an increase for the transport equipment manufacturing industry.


© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news