Manufacturing sales in New Zealand decreased 1.9 percent year-on-year during the first quarter of 2020, after rising 1.5 percent in the previous period. Sales were mainly dragged by meat & dairy products (-5.6 percent vs 5 percent in Q4), petroleum & coal products (-2.6 percent vs -3.3 percent), non-metallic mineral manufacturing (-3 percent vs 0.7 percent), seafood processing (-7.9 percent vs -2.5 percent), and textiles (-15.1 percent vs -4.3 percent). In contrast, sales of transport equipment increased 1.3 percent (vs 3.6 percent in Q4) and sales of chemicals grew 3.3 percent (vs 0.1 percent). On a seasonally adjusted quarterly basis, total manufacturing sales went down 1.7 percent following a 2.8 percent increase.
Industrial Production in New Zealand averaged 1.47 percent from 1995 until 2019, reaching an all time high of 17.60 percent in the second quarter of 1995 and a record low of -10.50 percent in the second quarter of 2009. 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 July of 2020. source: Statistics New Zealand
Industrial Production in New Zealand is expected to be -6.00 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 8.30 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.