NZ manufacturing keeps growing in December quarter, rundown in stocks bodes well for 2013

Fri, 08 Mar 2013

By Paul McBeth March 8 (BusinessDesk) - New Zealand manufacturing volumes continued to grow in the final three months of 2012, and a rundown in stocks outside food and beverage bodes well for the sector this year as construction gets underway in Canterbury and Auckland. Total manufacturing sales volumes rose a seasonally adjusted 1.5 percent in the three months ended Dec. 31, slowing from a 2.5 percent gain in the September quarter, according to Statistics New Zealand. The value of manufacturing sales was flat at a seasonally adjusted $22.85...

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