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


Wholesale Sales Increase

Wholesale Trade Survey: March 2001 quarter

The seasonally adjusted value of wholesale sales increased by 0.5 per cent in the March 2001 quarter, latest figures from Statistics New Zealand show. The trend in wholesale sales has been increasing since the June 1998 quarter.

An increase of $264 million in seasonally adjusted sales of primary product food (which includes dairy products) provided the largest contribution to the overall quarterly increase in wholesale sales. Overseas Trade statistics report an increase of $122 million for seasonally adjusted provisional exports of milk powder, butter and cheese in the March 2001 quarter. Seasonally adjusted sales of petroleum and petroleum products decreased by $199 million in the March 2001 quarter. A fall in crude oil prices appears to have driven the decrease in the value of petroleum sales. The Producers Price Index reports a 24 per cent decrease in the price of imported crude oil in the March 2001 quarter.

Seasonally adjusted stock values rose by 2.5 per cent in the March 2001 quarter compared with the previous quarter. The largest contribution to the increase came from seasonally adjusted machinery and equipment stocks, which increased by $122 million. Seasonally adjusted petroleum stocks decreased by $199 million.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news