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Steady rise for wholesale trade

Embargoed until 10:45am – 6 December 2007

Steady rise for wholesale trade

Seasonally adjusted total wholesale trade sales for the September 2007 quarter increased 2.1 percent, Statistics New Zealand said today. This follows a similar increase of 2.3 percent in June 2007.

Food and grocery products wholesaling recorded the largest increase for the September 2007 quarter, up 3.6 percent (or $143 million), while the most notable decrease was recorded in the builders' supplies wholesaling industry, down 2.2 percent (or $38 million).

The total wholesale trade sales trend has been steadily increasing, up by 11.5 percent since a small decrease in the December 2005 quarter.

Seasonally adjusted wholesale stocks for the September 2007 quarter fell 1.3 percent following a 1.8 percent rise in the June 2007 quarter.

Geoff Bascand

Government Statistician
6 December 2007

ENDS

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