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


December Quarter Wholesale Sales Unchanged

Wholesale Trade Survey: December 2001 quarter

Seasonally adjusted wholesale sales for the December 2001 quarter remained unchanged, compared with the September 2001 quarter, according to latest figures from Statistics New Zealand. This follows a decline in the September quarter after 11 consecutive quarters of growth.

A decline of 10.9 percent for the petroleum and petroleum products storetype made the largest negative contribution to the overall sales result. This large decrease can be partially explained by the drop in crude oil prices over the same period.

The decline in the petroleum and petroleum products storetype was partially offset by growth in the machinery and equipment storetype, up 3.4 percent and the primary product food storetype (mainly comprising dairy products), up 2.2 percent over the same period. An increase in sales of farm and construction machinery and professional equipment wholesaling are the main contributors to the increase in sales for the machinery and equipment storetype.

Seasonally adjusted stock values rose by 5.5 percent in the December 2001 quarter, compared with the previous quarter. The largest contribution came from primary products food stocks, which increased by 32.4 percent. The petroleum and petroleum products storetype recorded the largest decline in the value of stocks held, down 24.5 percent.

Brian Pink Government Statistician END

© Scoop Media

Business Headlines | Sci-Tech Headlines


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>>


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>>


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>>


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>>


Half A Billion Accounts, Including Xtra: 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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news