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Manufacturing up despite fall in meat and dairy

Manufacturing up despite fall in meat and dairy – Media release

9 December 2013

Total manufacturing sales volume rose for the September 2013 quarter, despite a fall in meat and dairy product manufacturing, Statistics New Zealand said today.

After adjusting for seasonal effects, the volume of total manufacturing sales rose 0.5 percent, while meat and dairy product manufacturing sales volume fell 2.7 percent.

"Although meat and dairy volumes fell, stock levels are very high for the end of a September quarter," industry and labour statistics manager Blair Cardno said.
"Outside meat and dairy, we saw a broad-based increase across the manufacturing sector in the quarter."

Sales volume for total manufacturing excluding meat and dairy was up 2.8 percent in the September quarter, the largest increase since June 2002. Sales for ten of the other 12 manufacturing industries rose.

The main industry movements were:
• metal product manufacturing, up 6.6 percent
• petroleum and coal product manufacturing, up 8.0 percent.

The trend for the total manufacturing sales volume, which gives a longer-term picture of movements, has fallen this year after rising during 2012.

In current prices, the total manufacturing sales value rose 4.7 percent ($1.1 billion). Meat and dairy product manufacturing increased 12 percent ($768 million), boosted by high dairy prices during the quarter.

ENDS

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