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.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news