New Zealand Manufacturing Activity Volume for Q2 to kick off the economic data flow for Monday Sep 10
Q2 Manufacturing Sales -1.2% q/q, largest fall in 5 years
- prev 1.4%
Stats NZ citing one off factors for the big drop
- Nine of the 13 industries saw rises in sales volumes
- "The fall in petroleum product manufacturing was a consequence of the maintenance shutdown at the Marsden Point refinery" manufacturing statistics manager Sue Chapman said.
- Refining NZ reported the first total refinery shutdown in 14 years.
- The refinery is now back up and running
NZD down a few wee tics. Not much movement for the currency in the immediate aftermath.
