Wholesale trade sales gain for fifth consecutive quarter
Wholesale trade sales rose a seasonally adjusted 2 percent in the December quarter from the previous three months, the fifth consecutive quarterly gain, Statistics New Zealand says.
Wholesale trade sales rose a seasonally adjusted 2 percent in the December quarter from the previous three months, the fifth consecutive quarterly gain, Statistics New Zealand says.
Basic materials wholesaling gained 6.9 percent, the largest sales value rise since the series started in 1995, while motor vehicle and vehicle parts was up 9.9 percent, the fourth-largest value rise since 1995.
Grocery, liquor and tobacco products wholesaling values were down 0.5 percent, following four consecutive quarterly rises.
Wholesale trade stocks rose a seasonally adjusted 2.5 percent in the December quarter.
The value of stocks, which was not seasonally adjusted, rose to $8.7 billion at December 31 from $8.1 billion a year earlier.
Motor vehicle and vehicle parts wholesaling stocks lifted 21.4 percent from December 2009, machinery and equipment gained 5.4 percent, and the grocery, liquor and tobacco product category lifted 5.7 percent.
NZPA
Fri, 01 Apr 2011
Fri, 01 Apr 2011
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Wholesale trade sales gain for fifth consecutive quarter
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