Seasonally adjusted wholesale trade sales increased 3.1% ($671 million) in the September quarter, Statistics New Zealand said today.This is the fourth consecutive quarterly sales increase and the largest increase since the December 2007 quarter.Sales rose
Seasonally adjusted wholesale trade sales increased 3.1% ($671 million) in the September quarter, Statistics New Zealand said today.
This is the fourth consecutive quarterly sales increase and the largest increase since the December 2007 quarter.
Sales rose in 11 of the 16 wholesale industries.
The largest rises were in food and grocery products wholesaling, up $216 million (5.0%), followed by farm, construction and business equipment wholesaling, up $162 million (9.3%) and petroleum product wholesaling, up $134 million (7.3%).
By comparison the five industries where sales fell had comparatively minor decreases, the biggest being motor vehicle wholesaling, down $35 million (2.3%).
The trend in total wholesale trade sales has risen 9.8% since the June 2009 quarter and the level of the trend is not just 1.4% below its peak in June 2008.
In actual dollars (not seasonally adjusted) the value of stocks rose to $10.5 billion at the end of September 2010, compared with $10.3 billion at the end of September 2009, a 2.7% increase.
This is the first quarter-on-quarter annual increase since March last year.
