8 Mar 2013

Manufacturing sales up

12:01 pm on 8 March 2013

Manufacturing sales have risen, bolstered by a rise in metal products, petroleum and coal product manufacturing.

Statistics New Zealand figures show the volume of total manufacturing increased a seasonally adjusted 1.5% in the three months to December, compared with the previous quarter.

While sales values were flat, up $1 million to a seasonally adjusted $22.8 billion, led by a 4.4% fall in meat and dairy product manufacturing.

Meanwhile, the latest New Zealand Manufacturers & Exporters Association's survey of business conditions shows confidence rose in January, compared with the previous month, but is still in negative territory.