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Oil, coal products drive New Zealand manufacturing sales rise

Xinhua, March 8, 2016 Adjust font size:

Oil and coal led a rise in New Zealand's total manufacturing sales in the quarter ending December last year, the government statistics agency said Tuesday.

The volume of total manufacturing sales rose 1.3 percent from the September 2015 quarter, which saw a strong rise of 3.3 percent from the previous quarter, according to Statistics New Zealand.

"Petroleum and coal product manufacturing, which can have large movements from quarter to quarter, led the increases in December," business indicators senior manager Neil Kelly said in a statement.

"Meat and dairy manufacturing sales was also up following a large increase in the previous quarter," he said.

"Across the rest of manufacturing, results were mixed, with more than half of the remaining industries having sales decreases in the December 2015 quarter."

The trend for total manufacturing sales volume was rising after a recent flat period.

The actual value of manufacturing sales was 26.4 billion NZ dollars (17.89 billion U.S. dollars) in the December 2015 quarter, up 0.1 percent year on year. Endit