Statistics New Zealand said that New Zealand's manufacturing activity by volume was up a seasonally adjusted 0.3% in the second quarter of 2012, slowing from the 0.7% gain in the first quarter.

Transport equipment machinery and equipment manufacturing rose 4.7% and petroleum and coal product manufacturing plummeted 9%.

Industry and labor statistics manager Mr Blair Cardno said that "This quarter's increase was the result of an almost even split of seven industries rising and six industries falling."

By value, total manufacturing was down by 1.1% in the second quarter.

Transport equipment machinery and equipment manufacturing jumped 5.9%, while petroleum and coal product manufacturing plunged 8.2%.

Source - RTT News

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