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Manufacturing Sales Increase 0.9 Percent
Manufacturing Sales Increase 0.9 Percent
Seasonally adjusted manufacturing sales for the June 2003 quarter increased by 0.9 percent, compared with the March 2003 quarter, according to Statistics New Zealand.
With the effect of price changes removed, seasonally adjusted manufacturing sales increased by 0.7 percent in the June 2003 quarter, compared with the March 2003 quarter.
Seven out of 15 industries recorded increases in seasonally adjusted sales in the June 2003 quarter, compared with the March 2003 quarter. Machinery and equipment manufacturing (up $196 million), and meat and dairy product manufacturing (up $77 million) recorded the largest increases. Paper and paper product manufacturing (down $90 million) and petroleum and industrial chemical manufacturing (down $63 million) recorded the largest decreases in seasonally adjusted sales.
The trend in total manufacturing sales increased 0.1 percent in the June 2003 quarter, compared with the March 2003 quarter. This follows decreases of 0.7 percent in the March 2003 quarter and 0.7 percent in the December 2002 quarter.
Brian Pink
Government Statistician
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