New Zealand data – Manufacturing sales volumes +1.1% q/q

New Zealand manufacturing sales rise in fourth quarter:

• manufacturing sales volumes +1.1% q/q
• volumes for dairy and meat products, the country’s biggest export earners, +3.1%
• Sales rose q/q in 12 of the 14 higher-level industries measured in the business financial data

Says Stats NZ:

• “The decrease in sales for electricity, gas, water, and waste services was driven by wholesale electricity prices dropping back down after a peak in the previous quarter,”

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New Zealand’s manufacturing sales data provides a quarterly snapshot of revenue generated by the country’s manufacturing sector, used as an indicator to industrial activity and economic momentum in the country.

This article was written by Eamonn Sheridan at www.forexlive.com.