New Zealand data: Manufacturing sales fell in Q1, down 0.4% q/q (prior -0.6%)

New Zealand manufacturing sales volumes -0.4% in the January - March quarter

• the previous quarter was -0.6%
• sales volumes -4.2% y/y

Volumes are calculated by removing the effect of price changes from sales values.

Earlier from NZ:

• ANZ expect the first Reserve Bank of New Zealand rate cut in February 2025 (prior May '25)

RBNZ Governor Orr