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


Wholesale trade rises in second quarter

Wholesale trade rises in second quarter, boosted by groceries, liquor, tobacco

By Suze Metherell

Sept. 5 (BusinessDesk) - Wholesale trade rose in the second quarter, after a fall in the first three months of the year, as sales of groceries, liquor and tobacco products picked up.

Seasonly adjusted total sales rose 1.8 percent in the three months ended June 30, after a fall of 0.2 percent in the first quarter, Statistics New Zealand said. In unadjusted terms the total value of wholesale trade sales was $21.9 billion, up 5.9 percent from the same quarter a year earlier.

According to the government statistician there are nearly 17,700 businesses within the wholesale trade industry, which act as an intermediary between the manufacturer and the consumer. The survey feeds into the national accounts and gross domestic product calculations. The broader trend for wholesale trade has advanced some 23 percent since September 2009, signalling a pick up in the New Zealand economy as it began to emmerge from the global financial crisis.

Grocery, liquor and tobacco product wholesaling, which includes wholesale and export merchants that trade in meat, dairy, seafood, fresh produce, liquor and tobacco products, rose a seasonally adjusted 2.6 percent in the quarter to $6.5 million in sales, ahead of the 0.3 percent gain in the previous quarter. Sales rose 5 percent compared to the same quarter a year earlier.

Machinery and equipment, which includes businesses trading in consumer electronics, phones, professional and scientific equipment and agricultural machinery, rose 3.2 percent to $4.5 million in the quarter, compared with a 4.3 percent decline in the first quarter. It rose 3.1 percent on an annual basis.

Basic material sales rose 1.2 percent in the quarter, and have gained 11.6 percent year-on-year. Motor vehicle and motor-vehicle parts sales rose 1.7 percent quarterly, and 12.2 percent on an annual basis. Sales of other goods rose 1.2 percent and slipped 0.1 percent in the year. Commission-based sales rose a quarterly 5.6 percent, for an annual gain of 7.9 percent.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Scouring: Cavalier Merger Would Extract 'Monopoly Rents' - Godfrey Hirst

A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly, says carpet maker Godfrey Hirst. The Commerce Commission on Friday released its second draft determination on the merger, maintaining its view that the public benefits would outweigh the loss of competition. More>>


Scoop Review Of Books: She Means Business

As Foreman says in her conclusion, this is a business book. It opens with a brief biographical section followed by a collection of interesting tips for entrepreneurs... More>>


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Housing: English On Housing Affordability And The Economy

"Long lead times in the planning process tend to drive prices higher in the upswing of the housing cycle. And those lead times increase the risk that eight years later, when additional supply arrives, the demand shock that spurred the additional supply has reversed. The resulting excess supply could produce a price crash..." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news