New Zealand Q1 Manufacturing Sales Slip 0.3%

Total manufacturing sales in New Zealand were down a seasonally adjusted 0.3 percent on quarter in the first three months of 2017, Statistics New Zealand said on Wednesday.

That follows the downwardly revised 2.0 percent contraction in the previous three months.

Excluding meat and dairy product manufacturing, sales rose 1.7 percent on quarter, while meat and dairy product manufacturing fell 7.8 percent.

The value of manufacturing was up 2.8 percent following the upwardly revised 1.3 percent increase in the three months prior (originally 0.8 percent).

Excluding meat and dairy product manufacturing, value rose 3.5 percent, while meat and dairy product manufacturing rose 1.1 percent.

The material has been provided by InstaForex Company – www.instaforex.com

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