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

 


Further Increase in Wholesaling Activity

Wholesale Trade Survey: June 2000 quarter

Further Increase in Wholesaling Activity

The value of wholesale sales increased 3.1 percent in the June 2000 quarter, according to latest figures released by Statistics New Zealand. There have now been five consecutive quarters of growth, and a 16.2 per cent rise in sales since March last year.

Wholesale growth was broad-based in the June 2000 quarter. Primary product food sales made a significant contribution to the increase as they continued to benefit from improved dairy and fruit exports. Sales for this storetype have now exceeded those achieved in the December 1998 quarter, before the drought induced contraction. The value of petroleum sales also made a significant contribution to the increase, continuing to surge following a further increase in crude oil prices and falls in the value of the New Zealand dollar.

Stock values rose by $171 million this quater. Over half of this increase was due to the rise in petroleum stock values. There was also an increase in the value of motor vehicle stocks. Even though the trend in the number of passenger vehicles imported has been falling since September 1999, stock levels remain higher than a year ago.

Price and volume have both driven the growth in wholesale activity since March 1999. The low exchange rate, rising commodity prices and increasing input costs have put upward pressure on prices. Meanwhile, primary production volumes have increased following an excellent growing season, and a pick-up in demand from some key markets.

Ian Ewing DEPUTY GOVERNMENT STATISTICIAN END

Home Page: http://www.stats.govt.nz

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

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:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news