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New Zealand Manufacturing Sales Volume Sinks 1.7% In Q1

The volume of total manufacturing sales in New Zealand was down a seasonally adjusted 1.7 percent on quarter in the first three months of 2020, Statistics New Zealand said on Wednesday.

That follows the 2.8 percent increase in the three months prior.

The value of total manufacturing sales remained relatively unchanged, while the unadjusted volume of total manufacturing finished goods stocks rose 1.5 percent, compared with the March 2019 quarter.

Petroleum and coal products had the largest industry decrease in the March 2020 quarter, down 3.3 percent.

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