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.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.