Pe­tro­leum, coal boost NZ sales

China Daily (Hong Kong) - - BUSINESS -

Sales of pe­tro­leum and coal prod­ucts re­bounded in the quar­ter end­ing Septem­ber to drive up New Zealand’s to­tal man­u­fac­tur­ing sales, the govern­ment sta­tis­tics agency said on Tues­day. The vol­ume of to­tal man­u­fac­tur­ing sales rose 2.1 per­cent in the Septem­ber quar­ter, fol­low­ing a sim­i­lar rise in the June 2016 quar­ter, ac­cord­ing to Sta­tis­tics New Zealand. “This quar­ter’s rise in pe­tro­leum and coal man­u­fac­tur­ing sales fol­lowed a siz­able fall in the June 2016 quar­ter,” Busi­ness In­di­ca­tors Man­ager Neil Kelly said in a state­ment. of the pound’s de­cline since Bri­tain voted on June 23 to leave the Euro­pean Union and ris­ing oil costs. UK im­port prices surged al­most 15 per­cent in Novem­ber, the big­gest an­nual in­crease in five years, and up­ward pressure from en­ergy may in­ten­sify after this month’s out­put cut move by OPEC.

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