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

 

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Copper Broadband: Regulator Set To Keep Chorus Pricing Largely Unchanged

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. More>>

ALSO:

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news