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New Zealand Manufacturing Activity Volume Rises 0.5%

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The total volume of manufacturing activity in New Zealand climbed a seasonally adjusted 0.5 percent in the third quarter of 2013 compared to the previous three months, Statistics New Zealand said on Monday.

That follows the 3.4 percent quarterly contraction in the second quarter.

Meat and dairy product manufacturing sales volume fell 2.7 percent.

"Although meat and dairy volumes fell, stock levels are very high for the end of a September quarter," industry and labor statistics manager Blair Cardno said. "Outside meat and dairy, we saw a broad-based increase across the manufacturing sector in the quarter."

Sales volume for total manufacturing excluding meat and dairy was up 2.8 percent in Q3, the largest increase since June 2002. Sales for ten of the other 12 manufacturing industries rose.

Among the largest increases, metal product manufacturing was up 6.6 percent and petroleum and coal product manufacturing spiked 8.0 percent.

The trend for the total manufacturing sales volume, which gives a longer-term picture of movements, has fallen this year after rising during 2012, the bureau said.

The value of manufacturing climbed a seasonally adjusted 4.7 percent on quarter or NZ$1.1 billion in Q3 after dipping 2.0 percent in the previous three months.

The manufacture of meat and dairy products increased 12 percent (NZ$768 million), boosted by high dairy prices during the quarter.

Excluding meat and dairy product manufacturing, sales rose 3.2 percent.

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