Manufacturing stats show lift in December auguring well for GDP

Wed, 07 Mar 2018

By Rebecca Howard March 8 (BusinessDesk) - A lift in the volume and value of New Zealand manufacturing sales in the fourth quarter of 2017 helped solidify economists' views for a solid reading in next week's gross domestic product figures. The volume of all manufacturing sales rose a seasonally adjusted 1 percent in the three months to Dec. 31 while the value increased 2.8 percent, Statistics New Zealand said. Seven of the 13 manufacturing industries reported increases in the December 2017 quarter. "It was broadly in line with our ex...

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