NZ manufacturing sales volumes rise at the fastest pace in almost 2 years in 3rd qtr

Mon, 07 Dec 2015

By Tina Morrison Dec. 8 (BusinessDesk) - New Zealand manufacturing sales volumes rose at the fastest pace in almost two years in the third quarter, driven by a pickup in meat and dairy activity, prompting economists to revise up their forecasts for economic growth. Total seasonally adjusted sales volumes increased 3.5 percent in the three months ended Sept. 30, after growth stalled in the second quarter, according to Statistics New Zealand. That's the fastest pace since the fourth quarter of 2013 when sales volumes advanced 4 percent.....

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