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


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>>


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>>


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>>


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>>