NZ manufacturing activity shrinks in March quarter as meat, dairy weigh

Mon, 08 Jun 2015

By Paul McBeth June 9 (BusinessDesk) - New Zealand manufacturing activity shrank in the first three months of the year as meat and dairy volumes declined in a period when global milk prices remained under pressure and parts of the country were stricken with drought. The volume of total manufacturing fell a seasonally adjusted 0.3 percent in the three months ended March 31, turning around from two quarters of 0.6 percent growth, and up 0.4 percent from the same period last year, according to Statistics New Zealand. The quarterly decline wa...

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