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

 

Wholesale Activity Declines in June 2003 Quarter


Wholesale Activity Declines in June 2003 Quarter

Seasonally adjusted wholesale sales decreased 2.2 percent in the June 2003 quarter compared with the March 2003 quarter, according to Statistics New Zealand. This follows an increase of 1.4 percent in the March 2003 quarter and an increase of 1.2 percent in the December 2002 quarter.

Primary product food (down $213 million), petroleum product (down $137 million) and farm and construction machinery, professional and business equipment (down $68 million) recorded the largest decreases in seasonally adjusted sales in the June 2003 quarter, compared with the March 2003 quarter. These decreases were partly offset by the increase in seasonally adjusted sales in food and grocery products (up $150 million).

The trend in sales decreased 0.6 percent in the June 2003 quarter, compared with the March 2003 quarter. This follows increases of 0.4 percent in the March 2003 quarter and 0.9 percent in the December 2002 quarter.

Seasonally adjusted total stocks decreased 2.6 percent to $7,817 million as at 30 June 2003. This follows an increase of 1.7 percent as at 31 March 2003 and a decrease of 0.6 percent as at 31 December 2002.

Ian Ewing

Acting Government Statistician


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>