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

 

GST Sales and Purchases Continue Upward Trend

Business Activity Indicator: December 1999 quarter

GST Sales and Purchases Continue Upward Trend

Latest quarterly analysis of GST sales and purchases show the trend increasing steadily since May 1998 according to Statistics New Zealand.

Seasonally adjusted sales increased by 0.6 per cent in the December 1999 quarter, despite a decline in the October month. The largest contributions to the increase came from manufacturing; retail trade; and agriculture, forestry and fishing. The manufacturing sector sales growth was aided by a broad-based increase in manufacturing input and output prices. Sales in primary industries were helped by favourable weather conditions which encouraged solid grass growth.

GST purchases increased by 2.2 per cent in the December quarter with seasonal factors removed. The largest contributions to the increase came from wholesale trade and manufacturing. A build up of stocks which resulted from higher than normal purchase levels may reflect businesses' plans to cope with possible Y2K disruptions, and extra demand over the millennium period.

Ian Ewing Deputy Government Statistician END

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>