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

 

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>>

ALSO:

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>>

Earlier:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news