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New Zealand Manufacturing Value Slips 0.7% In Q2

The value of manufacturing activity in New Zealand was down a seasonally adjusted 0.7 percent on quarter in the second quarter of 2019, Statistics New Zealand said on Monday - following the downwardly revised 0.8 percent increase in the first quarter (originally 1.0 percent..

Manufacturing activity volume sank 2.7 percent on quarter after rising a downwardly revised 1.3 percent in the three months prior (originally 2.0 percent).

The unadjusted volume of total manufacturing finished goods stocks fell 2.1 percent, compared with the June 2018 quarter.

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