Shrinking meat and dairy product manufacturing weighs on growth outlook

Sun, 09 Dec 2018

By Rebecca Howard Dec. 10 (BusinessDesk) - New Zealand manufacturing sales fell for a second straight quarter on shrinking volumes of meat and dairy products, tempering expectations for next week's reading of the wider economy. The volume of manufacturing sales fell a seasonally adjusted 1.6 percent in the three months ended Sept. 30, led by a 6.7 percent decline in meat and dairy product manufacturing, Statistics New Zealand said. “Most meat and dairy products in New Zealand are exported and occasionally, the timing of exports, price...

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