Manufacturing sales in New Zealand grew 2.0 percent year-on-year during the fourth quarter of 2020, slowing down from a 3.1 percent jump in the previous period. Excluding meat and dairy, sales advanced 2.2 percent. Sales of beverage & tobacco lost steam, rising 7.2 percent after a 13.1 percent jump, whereas wood & paper product manufacturing rose 8.7 percent after a 3.3 percent increase. Meanwhile, sales of transport equipment, machinery & equipment fell 0.8 percent after a 5.2 percent drop. On a seasonally adjusted basis, total manufacturing sales volumes rose to NZD 26.8 billion, up 0.5 percent (or NZD 142 million) from the September 2020 quarter. source: Statistics New Zealand
Industrial Production in New Zealand averaged 1.33 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 May of 2021.
Industrial Production in New Zealand is expected to be 1.60 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.