New ZealandEconomic Survey of Manufacturing for the March 2015 quarter
- Value of manufacturing sales down 6.8 percent y/y (i.e from the March 2014 quarter)
- Largest annual fall in five years
- Lower dairy and petroleum prices influenced sales values
- When price changes are removed, the sales volume rose 0.4%
After adjusting for seasonal effects, the volume of sales fell 0.3 percent from the December 2014 quarter
- Largest falls were in the manufacturing of meat and dairy products & and metal products, down 4.3 percent
