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


Manawatu-Whanganui Projects: PGF Top-Up To Rural Broadband Roll-Out

The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that don't have access now. More>>


Other Windy Cities: Auckland-Chicago Named A Top 10 ‘Most Exciting’ New Route

The inclusion of Auckland-Chicago on Lonely Planet’s Where to fly in 2019? The 10 most exciting new flight routes list comes just two weeks before Air New Zealand prepares to celebrate its inaugural flight to Chicago’s O’Hare International Airport on 30 November. More>>

Deadly Strain: ESR Ups Its Reporting On Meningococcal Disease

The increasing number of cases of Group W Meningococcal disease (MenW) has prompted ESR to increase its reporting on the disease to the Ministry of Health. ESR has upped its reporting to weekly. More>>


Very Small Things: "Game-Changing" 3D Printing Technology Launched

New Zealand microfabrication researchers Andrea Bubendorfer and Andrew Best, the co-inventors of a new way of fabricating very small things with Laminated Resin Printing (LRP), are part of Callaghan Innovation’s MicroMaker3D team launching the new patent pending technology in the US this week. More>>