Global Economic News

New Zealand Q2 Manufacturing Value Slides 0.7%

The value of manufacturing activity in New Zealand fell 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).

The main industry movements were: meat and dairy products, down NZ$247 million (2.8 percent); petroleum and coal products, down NZ$155 million (6.5 percent); transport equipment and machinery, down NZ$135 million (4.2 percent); and chemical, polymer, and rubber products, up NZ$135 million (5.7 percent).

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by RTTNews Staff Writer

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