Manufacturing sales in New Zealand rebounded 3.1 percent year-on-year during the third quarter of 2020, after plunging 12.1 percent in the previous period. Eight of the 13 industries booked higher sales volumes, mainly driven by: meat and dairy (up 7.7 percent), transport equipment, machinery & equipment (down 5.2 percent), and oil & coal product (up 6.2 percent). On a seasonally adjusted quarterly basis, manufacturing sales rebounded 3.7 percent, following an 11.9 percent decline in the prior period. source: Statistics New Zealand
Industrial Production in New Zealand averaged 1.32 percent from 1995 until 2020, reaching an all time high of 17.60 percent in the second quarter of 1995 and a record low of -12.10 percent in the second quarter of 2020. This page provides - New Zealand Manufacturing Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Manufacturing Sales - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Industrial Production in New Zealand is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in New Zealand to stand at 5.50 in 12 months time. In the long-term, the New Zealand Manufacturing Sales is projected to trend around 2.50 percent in 2021 and 3.40 percent in 2022, according to our econometric models.