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New Zealand meat, dairy sales surge in December quarter

Xinhua

2020-03-10

 

Meat and dairy boosted the total volume of manufacturing sales to its strongest quarterly rise in six years, New Zealand's statistics department Stats NZ said on Tuesday.

 

The volume of total manufacturing sales rose 2.7 percent in the December 2019 quarter, after a flat September 2019 quarter. It was led by a 7.9-percent lift in meat and dairy products manufacturing sales, following falls in the two previous quarters, Stats NZ said.

 

"This quarter's rise is the largest increase in total manufacturing sales volumes in six years," Geraldine Duoba, business statistics manager said in a statement.

 

"It coincided with high exports seen for meat and dairy products late in 2019, " Duoba said.

 

Meat and dairy product manufacturing sales values rose 7.4 percent to 9.5 billion NZ dollars (6 billion U.S. dollars) in the December quarter, statistics showed.

 

Petroleum and coal product manufacturing was up 10 percent to 2.5 billion NZ dollars in the quarter, according to Stats NZ.

 
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