Survey of Manufacturing: June 2005 quarter
Economic Survey of Manufacturing: June 2005 quarter
Embargoed until 10:45am — 16 September 2005
Mixed Results For Manufacturing
Seasonally adjusted manufacturing sales for the June 2005 quarter decreased 0.2 percent compared with the March 2005 quarter, Statistics New Zealand said today. The result has been driven by meat and dairy product manufacturing, which decreased 5.9 percent for the June 2005 quarter, following a 13.5 percent increase for the March 2005 quarter.
With the exclusion of the meat and dairy product manufacturing industry, seasonally adjusted sales for manufacturing increased 1.8 percent compared with the March 2005 quarter.
The second largest decrease in seasonally adjusted sales was for petroleum and industrial chemical manufacturing. Offsetting these decreases in seasonally adjusted sales were increases for machinery and equipment manufacturing, and beverage, malt and tobacco manufacturing.
Trend growth for manufacturing sales has increased 2.3 percent for the six months to June 2005. With the effect of price changes removed, seasonally adjusted manufacturing sales increased 0.3 percent for the June 2005 quarter compared with the March 2005 quarter. The largest contributor to the increase was structural, sheet and fabricated metal product manufacturing.