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

 

Moderate rise in March quarter for wholesale trade

10 June 2019

Wholesale trade sales were up in the March 2019 quarter after a slight fall in the December 2018 quarter, Stats NZ said today.

The seasonally adjusted total sales value for wholesale trade rose 0.7 percent in the March 2019 quarter, following a 0.2 percent fall in the December 2018 quarter.

“Four of the six wholesaling industries had sales rises in the March 2019 quarter,” wholesale trade manager Sue Chapman said.

The largest industry increase was machinery and equipment wholesaling, up $118 million (2.2 percent) from the December 2018 quarter when adjusted for seasonal effects. This includes agricultural and construction machinery, computers, and electrical and electronic goods.

“The machinery and equipment wholesaling industry bounced back after a softer than usual December quarter,” Ms Chapman said.

Basic material wholesaling had the second largest increase, up $68 million (1.1 percent).

Basic material includes: agricultural supplies, hardware goods, petroleum, timber, and metal and mineral wholesaling.

Grocery, liquor, and tobacco products had the largest decrease in sales value in the latest quarter, down $32 million (0.4 percent).


The actual value of total wholesale trade sales was $26 billion in the March 2019 quarter, up $1.3 billion (5.2 percent) from the March 2018 quarter.

The Government Statistician authorises all statistics and data we publish.

For more information about these statistics:
• Visit Wholesale trade survey: March 2019 quarter
• See CSV files for download

ends



© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

1.5 Percent: Official Cash Rate Unchanged

The Official Cash Rate (OCR) remains at 1.5 percent. Given the weaker global economic outlook and the risk of ongoing subdued domestic growth, a lower OCR may be needed over time to continue to meet our objectives. More>>

IMF On NZ: Near-Term Boost, Risks Tilted To Downside

New Zealand's economic expansion has lost momentum and while the near-term outlook is expected to improve, risks are increasingly tilted to the downside, according to the International Monetary Fund. More>>

ALSO:

Traceability: NZ To Track Satellites, Eggs

The New Zealand Space Agency (NZSA) is continuing to build its capability as a regulator of space activity with a new pilot project which allows officials to see real-time information on the orbital position of satellites launched from New Zealand. More>>

ALSO:

OECD On NZ: NZ's Living Standards Framework Positive But Has Gaps

Treasury’s living standards framework reflects good practice internationally but has some data gaps, including in areas where New Zealand fares poorly, the Organisation for Economic Cooperation and Development says. More>>

ALSO:

RBNZ Act Review: Govt Plans Deposit Guarantee Scheme

The Coalition Government today announced moves to make New Zealand’s banking system safer for customers through a new deposit protection regime, and work to strengthen accountability for banks’ actions. More>>

ALSO: