Manufacturing rises despite fall in meat and dairy – Media release

8 March 2013

Total manufacturing volumes rose for the December 2012 quarter, despite a small fall in meat and dairy product manufacturing, Statistics New Zealand said today.

After adjusting for price changes and seasonal variations, the volume of total manufacturing sales rose 1.5 percent, while the meat and dairy manufacturing sales volume fell 1.1 percent.

"While still an increase, this is something of a reversal from the previous quarter, when high meat and dairy manufacturing sales more than compensated for falls in other manufacturing industries," industry and labour statistics manager Blair Cardno said.

"This quarter, seven of the other 12 manufacturing industries contributed to the overall increase."

The largest increases this quarter were:
• metal product manufacturing, up 5.4 percent
• petroleum and coal product manufacturing, up 6.4 percent.

These two industries partly recovered from decreases in recent quarters.

The trend for the manufacturing sales volume, which gives a longer-term picture of movements, has been rising since late 2011.

In current prices, the total manufacturing sales value was flat, up just $1 million to a seasonally adjusted $22.8 billion.

ENDS

For more information about these statistics:
• Visit Economic Survey of Manufacturing: December 2012 quarter
• Open the attached files

http://img.scoop.co.nz/media/pdfs/1303/EconomicSurveyofManufacturingDec12qtr.pdf

http://img.scoop.co.nz/media/pdfs/1303/esmdec2012qtrtables.xls

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