New Zealand Manufacturing Sales down -0.6% for the fourth quarter, adding to previous -3.2%
|New Zealand's Manufacturing Sales activity decreased -0.6%, or $226 million in NZD terms compared to the third quarter's $900 million backslide, equating to a 3.2% decline.
According to Stats NZ:
In actual terms, the volume of finished goods stocks for total manufacturing fell 1.4 percent ($139 million) in the December 2023 quarter compared with the December 2022 quarter.
In actual terms, total manufacturing purchases fell $2.3 billion (8.7 percent), and salaries and wages rose $244 million (5.0 percent) compared with the December 2022 quarter.
When adjusted for seasonal effects, the total value of wholesale trade sales fell 1.0 percent ($368 million) in the December 2023 quarter, following a 0.1 percent ($41 million) rise in the September 2023 quarter.
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