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

 

Electricity Market: Power Panel Favours Scrapping Low-Fixed Charges

An independent panel reviewing electricity prices favours scrapping the government’s low-user fixed charge regime, banning the use of prompt-payment discounts, and requiring greater disclosure of the profit split between the retail and generation arms of the major power companies. More>>

ALSO:

Bottomless Oil And Zero Climate Cost: Greenpeace Not Big On PEPANZ Gas Ban Report

The NZIER report commissioned by oil industry body, PEPANZ, claims the oil and gas ban issued by the Government last April could cost the the New Zealand economy $28 billion by 2050... But Greenpeace says the figures in the report are based on false assumptions and alternative facts. More>>

ALSO:

Two Queensland Fruit Flies And A Different One In Otara: Devonport Fruit And Veg Lockdown

Work continues at pace on the biosecurity response following the discovery last week of one male Queensland fruit fly in a surveillance trap in the Auckland suburb of Devonport. More>>

ALSO:

Digital Services Tax: Government To Plan Tax On Web Operator Income

New Zealand is to consult on the design of changes to tax rules which currently allow multinational companies in the digital services field to do business here without paying income tax. More>>

ALSO: