Manufacturing up from nine-year low

Published: 10:56AM Monday March 08, 2010 Source: ONE News

  • Print this article
  • Text size + -

Manufacturing activity rose 3.1% in the December quarter, according to Statistics New Zealand.

"This follows a fall of 1.7% in the September 2009 quarter, when a nine-year low was reached," says business statistics manager Louise Holmes-Oliver.

Eleven of the 15 industries recorded rises for the December 2009 quarter, including a 4.6% jump for meat and dairy manufacturing.

Other food was up 4.6% and structural, sheet, and fabricated metal products increased 7.9%, but basic metals dropped 18.5%.

Seasonally adjusted sales values rose by 0.7% or $139 million in the December quarter, the first rise for four quarters, thanks to the food and metal sectors.

Statistics New Zealand says the biggest falls were in basic metal and meat and dairy.

The rise in the value of sales for the quarter is smaller than that for the volume because of price decreases.

  • Print this article
  • Text size + -
  • more...

Business News Video

Business News

Most Popular

  1. Schapelle Corby to find out today if clemency bid successful
  2. Urewera supporters protest outside prison watch
  3. Kelly Preston reportedly walks out on John Travolta
  4. Shortland Street celebrates 20 years on New Zealand television watch
  5. AOS members drinking before fatal siege - police

rssLatest News

Advertising

How do you want your news?

  • Mobile Devices

    TVNZ is available on mobile phones: Text TVNZ to 8869.

  • News Feeds

    See when TVNZ have added new content. You can get the latest headlines anywhere.

  • Podcasts

    Enjoy TVNZ on the move - a wide range of programmes and highlights are available.