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

 


Wholesale sales fall in first quarter of 2014

Wholesale sales fall in first quarter of 2014

9 June 2014

Wholesale trade sales fell in the first quarter of 2014, Statistics New Zealand said today.

Seasonally adjusted sales fell 0.4 percent in the March 2014 quarter. This follows a 2.3 percent rise in the previous quarter.

"There were mixed results in the wholesaling industries this latest quarter," business indicators manager Neil Kelly said, "with the two largest industry movements almost cancelling each other out."

The two industries recording the largest sales movements in March were:
• machinery and equipment wholesaling, down $217 million (4.8 percent)
• basic material wholesaling, up $231 million (4.8 percent).

The machinery and equipment wholesaling industry includes businesses that trade in consumer electronics, telecommunication equipment, professional and scientific equipment, and agricultural machinery. The basic material wholesaling industry includes businesses that trade in agricultural supplies and products (excluding food), minerals, timber, and hardware supplies and products.

The trend for total wholesale trade sales has generally been increasing since the September 2009 quarter.

In actual terms, the value of total wholesale trade sales was $20.6 billion, up 3.3 percent on the March 2013 quarter.

When adjusted for seasonal effects the total wholesale trade stocks rose 1.7 percent, to reach $9.2 billion.

For more information about these statistics: Visit Wholesale Trade Survey: March 2014 quarter

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Planes: Jetstar Launches Regional Network

Jetstar, the Qantas Airways budget offshoot, launched its new regional network in New Zealand with special $9 one-way fares and has narrowed down its choices to five routes and four destinations - Nelson, Napier, New Plymouth, and Palmerston North. More>>

ALSO:

Fisheries: Report On Underrsize Snapper Catch

The report found that commercial fishers caught 144 tonnes of undersized snapper in the Snapper 1 area – about 3% of the total commercial catch – in the year ending February 2015. The area stretches from the top of the North Island to the Bay of Plenty and is one of New Zealand’s most important fisheries. More>>

ALSO:

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news