Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Increasing Trend in GST Sales

Business Activity (GST) Indicator - September 1999 quarter

Business Activity (GST) Indicator: September 1999 quarter

Increasing Trend in GST Sales

Statistics New Zealand's latest quarterly analysis of GST sales shows the trend has been increasing steadily since May 1998.

Seasonally adjusted sales increased for the September 1999 quarter by 3.4 per cent, despite a slight decline in the September month.

The largest contributors to the sales increase for the September quarter came from wholesale and retail trade; and transport, storage and communications.

Within wholesale trade, much of the improvement was due to the improved performance of primary product food wholesaling with sales increasing since April 1999.

The broad base of sales growth in most industries over the September quarter supports earlier Statistics New Zealand releases which have revealed an increase in overall economic activity.

Seasonally adjusted GST purchases decreased 1.1 per cent in September 1999, after increasing in the preceding three months.

The largest contributors to the decrease came from wholesale trade, government administration and defence, and manufacturing.

This is the sixth release of the experimental Business Activity Indicator, a monthly series of economic statistics based on GST data supplied by the Inland Revenue Department.

Ian Ewing Deputy Government Statistician

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news