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Dairy, Meat Products Lead Manufacturing Fall

11 December 2018

NEW ZEALAND - A fall in dairy and meat products pushed overall manufacturing sales down for the September 2018 quarter, Stats NZ has reported.

After adjusting for seasonal effects, the volume of total manufacturing sales fell 1.6 percent in the September 2018 quarter.

The fall was led by a 6.7 percent decrease in meat and dairy product manufacturing.

"Most meat and dairy products in New Zealand are exported and occasionally, the timing of exports, price changes, and exchange rates can affect manufacturing sales," manufacturing statistics manager Sue Chapman said.

This is the second consecutive fall in manufacturing sales volumes and follows the 1.7 percent fall in the June 2018 quarter.

Sales volumes for 7 of the 13 industries fell in the September 2018 quarter.

The largest decreases were in meat and dairy products (down 6.7 percent), and transport equipment, machinery and equipment (down 2.5 percent).

TheCattleSite News Desk



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