Manufacturing sales in New Zealand rose 0.2 percent year-on-year during the third quarter of 2019, after falling 0.4 percent in the previous three-month period, boosted by sales of wood and paper products (1.0 percent vs -0.2 percent), transport equipment, machinery and equipment (1.3 percent vs -6.6 percent), and metals (5.0 percent vs 1.9 percent). By contrast, petroleum and coal products sales plunged 9.9 percent, the fourth straight quarter of decline, and chemical, polymer, and rubber products sales dropped 2.1 percent, compared to 4.7 percent growth in the previous period.
Industrial Production in New Zealand averaged 1.48 percent from 1995 until 2019, reaching an all time high of 17.60 percent in the second quarter of 1995 and a record low of -10.50 percent in the second quarter of 2009. This page provides - New Zealand Manufacturing Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics New Zealand
Industrial Production in New Zealand is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in New Zealand to stand at 1.60 in 12 months time. In the long-term, the New Zealand Manufacturing Sales is projected to trend around 3.40 percent in 2020, according to our econometric models.