Manufacturing sales in New Zealand grew 4.3 percent from a year earlier in the first quarter of 2021, accelerating from a revised 2.1 percent jump in the previous period. It was the biggest gain since the third quarter of 2016, with transport equipment, machinery, and equipment manufacturing having the largest increase, up 6.9 percent ($208 million). On a seasonally adjusted basis, manufacturing sales volumes reached a record peak of $27.0 billion, up 0.4 percent ($113 million) from the December 2020 quarter. source: Statistics New Zealand
Industrial Production in New Zealand averaged 1.36 percent from 1995 until 2021, 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 July of 2021.
Industrial Production in New Zealand is expected to be 15.00 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 5.50 in 12 months time. In the long-term, the New Zealand Manufacturing Sales is projected to trend around 2.50 percent in 2022 and 3.40 percent in 2023, according to our econometric models.