NZ data - total volume of manufacturing sales up 1.4% q/q for Q1 2018

This data point not usually a big impact immediately on the forex for New Zealand

  • total volume of manufacturing sales +1.4% q/q
  • prior +1.5%

Nine of the 13 manufacturing industries had sales rises in the March 2018 quarter

  • largest were transport equipment and machinery manufacturing, up 6.0 percent, and meat and dairy product manufacturing, up 2.2 percent
  • A seven-year high in sales volumes for transport equipment and machinery manufacturing
  • rise in transport equipment and machinery manufacturing follows a fall in the previous December quarter
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