Second quarterly gain for wholesale trade sales
New Zealand wholesale trade sales continued to rise in the first three months of the year for the second consecutive quarter.
Hot Topic
NBR Focus: GMO
New Zealand wholesale trade sales continued to rise in the first three months of the year for the second consecutive quarter.
Statistics New Zealand figures released today show sales increased a seasonally-adjusted 2.4% in the March quarter, just down on the 2.6% rise in the previous quarter.
The data is a measure of activity in the wholesale trade sector, which supplies retailers.
The seasonally-adjusted value of total wholesale trade stocks was $8.6 billion at the end of March.
This was a drop of 3.4% on the previous quarter.
Cars and car parts accounted for more than a third of the overall increase. This coincided with tighter emission standards for imported cars.
NBR staff
Fri, 08 Jun 2012
Fri, 08 Jun 2012
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Second quarterly gain for wholesale trade sales
21275