Wholesaling Activity Increases Further

Wholesale Trade Survey: June 2001 quarter

Wholesaling Activity Increases Further

The seasonally adjusted value of wholesale sales increased by 5.1 per cent in the June 2001 quarter, according to latest figures from Statistics New Zealand. The trend in wholesale sales has been rising since the June 1998 quarter.

An increase of $191 million or 17.0 per cent in seasonally adjusted sales of unprocessed primary product (which includes the sale of livestock) provided the largest contribution to the overall quarterly increase in wholesale sales. The farm expenses price index reported an increase of 7.8 per cent for livestock prices in the June 2001 quarter.

Wholesale Trade Total

Seasonally adjusted sales of primary product food increased by 4.9 per cent ($153 million) in the June 2001 quarter. This was largely influenced by an increase in sales of dairy products.

Seasonally adjusted stock values decreased by 0.5 per cent in the June 2001 quarter compared with the previous quarter. The largest contribution to the decrease came from seasonally adjusted primary product food which decreased by $51 million. Seasonally adjusted petroleum stocks increased by $92 million.

Brian Pink Government Statistician END

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