Asian Economic News

New Zealand Q2 Manufacturing Activity +0.3% On Quarter

Manufacturing activity by volume in New Zealand was up a seasonally adjusted 0-.3 percent in the second quarter of 2012, Statistics New Zealand said on Monday, slowing from the 0.7 percent gain in the first quarter.

Excluding meat and dairy product manufacturing, sales rose 0.5 percent, while meat and dairy product manufacturing rose 1.8 percent.

Transport equipment machinery and equipment manufacturing rose 4.7 percent, and petroleum and coal product manufacturing plummeted 9.0 percent.

By value, total manufacturing was down 1.1 percent in the second quarter.

by RTTNews Staff Writer

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