Wholesale trade down in June quarter

Published: Fri 6 Sep 2013 10:56 AM
Wholesale trade down in June quarter – Media release
6 September 2013
Wholesale trade sales fell during the June 2013 quarter, Statistics New Zealand said today.
After adjusting for seasonal effects, total sales were down 1.5 percent, after increasing in the two previous quarters.
"Wholesale trade had falls almost across the board, with four of six industries having reduced sales," industry and labour statistics manager Blair Cardno said.
The largest falls were:
• Machinery and equipment wholesaling (which includes businesses that trade in consumer electronics, telecommunications equipment, professional and scientific instruments, and agricultural machinery) – down $89 million (2.0 percent)
• Basic materials wholesaling (which includes businesses that trade in agricultural supplies and products (excluding food), raw materials, and construction supplies) – down $88 million (1.9 percent).
Motor-vehicle and parts wholesaling had the largest rise this quarter – up $65 million (3.9 percent).
The trend for total wholesale trade sales has generally been increasing since the last low point in mid- 2009.
For the wholesale stocks, the seasonally adjusted value fell 0.8 percent – down to $9.0 billion.
For more information about these statistics:
-Wholesale Trade Survey: June 2013 quarter

Next in Business, Science, and Tech

The Sky Is The Limit - Air New Zealand To Relaunch 14 International Routes In 16 Days
By: Air New Zealand
Update On Hidden Economy Real Estate Campaign
By: Inland Revenue Department
Consumer Confidence Plummets To Record Lows As Financial Pressures Mount
By: Westpac
NZ Economy: Prevailing Headwinds
By: BusinessNZ
Shared Cheese Heritage Should Be Shared Not Stripped
By: NZ Specialist Cheesemakers Assn
Download Weekly - $60 million for more rural connections
By: Digitl
View as: DESKTOP | MOBILE © Scoop Media