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

 

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