none

NZ manufacturing slows for first time in 15 months

31-08-2010
by 
in 

NZ manufacturing activity fell in the three months to March – the first seasonally adjusted fall since September 2011.

Figures issued by Statistics New Zealand show volumes fell a seasonally adjusted 0.6 percent in the March quarter, led by a fall in metal product manufacturing.

A slump in aluminium production was a major contributor to the slowdown.

The fall follows five quarters of increases.

Statistics NZ said the trend for the manufacturing sales volume, which gives a longer-term picture of movements, has been rising since late 2011 but now appears to be flattening.

Of the 13 manufacturing industries, six were down in the March 2013 quarter, Statistics NZ said.

Total manufacturing sales value edged up 0.2 percent to a seasonally adjusted $22.9 billion.

Economists warn the weakening of the Australian dollar could impact on the demand for goods from New Zealand.

New Zealand's manufacturing sector employs 250,000 people.

Related news & editorials

  1. 19.03.2019
    19.03.2019
    by      In
    Newmont Mining Corporation’s Tanami Power Project has been completed safely and on schedule. The project, in the west of the Northern Territory, included the installation of two power stations, a 66kV interconnected power line and a 450km natural gas pipeline. The pipeline was built and will be... Read More
  2. 19.03.2019
    19.03.2019
    by      In
    Corio Bay Dairy Group (CBDG) is a joint venture between 100 per cent Australian farmer owned Organic Dairy Farmers of Australia (ODFA), Wattle Health Australia, and Blend and Pack.
    CBDG has commenced earthworks at Cowie St, North Geelong, building Australia’s first dedicated organic nutritional... Read More
  3. 15.03.2019
    15.03.2019
    by      In
    Flushed with success, Australian master distributor Control Logic took out all three awards from the prestigious Emerson Machine Automation Solutions 2019 Asia Channel meeting held in Shanghai. This was the company’s second consecutive successful year at the prestigious meeting, and included the “... Read More
  4. 15.03.2019
    15.03.2019
    by      In
    A circular economy represents a golden opportunity to combine corporate sustainability with profits, but is obstructed by weak chemicals legislations in every part of the world. In many cases, the corporate world is ahead of legislation, and the notion that there is a contradiction between... Read More