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

 

Price Rises Impact on Wholesale Trade Sales

Wholesale Trade Survey: September 2000 quarter

The seasonally adjusted value of wholesale trade sales increased by 1.9 per cent in the September 2000 quarter, latest figures from Statistics New Zealand show. The depreciation of the New Zealand dollar and higher commodity prices have increased the value of wholesale sales this quarter. The Producers Price Index (PPI) wholesale trade outputs sub-index increased by 3.5 per cent in the September 2000 quarter.

Six consecutive quarters of growth have resulted in an 18.5 per cent increase in sales since the March 1999 quarter.

An increase of $105 million in sales of machinery and equipment provided the largest quarterly rise in sales. Overseas trade statistics report an increase in exports of machinery and equipment of $62 million over the same period. Building materials and supplies also recorded a significant increase in sales this quarter. The rise in crude oil prices has driven a further rise in the value of petroleum sales. Food and grocery sales also increased this quarter, with the import value of food and beverages increasing over the same period. The food group component of the Consumers Price Index (CPI) rose by 1.2 per cent in the September 2000 quarter.

Stock values rose by $230 million this quarter. The largest movement came from miscellaneous (wholesaling nec) and petroleum products stocks. The largest offsetting movement to stock values came from machinery and equipment stocks.

Brian Pink GOVERNMENT STATISTICIAN

END


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Air New Zealand: Relaunching 14 International Routes In 16 Days

Air New Zealand is gearing up for the busiest July in two years with the relaunch of 14 international routes in 16 days... More>>



Inland Revenue: Update On Hidden Economy Real Estate Campaign

The Inland Revenue campaign focussing on the real estate sector has resulted in a drop in the amount of private expenses claims being made... More>>



Westpac: Consumer Confidence Plummets To Record Lows As Financial Pressures Mount

The Westpac McDermott Miller Consumer Confidence Index dropped sharply in the June quarter, falling 13 points to a level of 78.7... More>>


BusinessNZ: NZ Economy - Prevailing Headwinds
The latest BusinessNZ Planning Forecast reveals business and consumer confidence is low, with factors at home and abroad hampering our recovery... More>>


Specialist Cheesemakers Assn: Shared Cheese Heritage Should Be Shared Not Stripped

As the EU-New Zealand FTA advances New Zealand cheesemakers are urging both Governments to recognise and celebrate the shared cheesemaking heritage that exists between European countries and New Zealand... More>>

Download Weekly: $60 million for more rural connections
David Clark, the digital economy and communications minister, announced the government will spend $60 million to further improve rural connectivity over the next few years... More>>