Wholesale trade sales rise for sixth consecutive quarter
Wholesale trade sales rose for a sixth consecutive quarter on a seasonally adjusted basis in the three months to March, led by grocery products.
Wholesale trade sales rose for a sixth consecutive quarter on a seasonally adjusted basis in the three months to March, led by grocery products.
The adjusted total wholesale trade sales were up 2.8 percent or $550 million in the March quarter, the first rise of more than half a billion dollars since 2006, Statistics New Zealand said today.
The grocery, liquor and tobacco products category rose 5.9 percent or $357m, with basic materials wholesaling up 7.2 percent or $310m.
The biggest fall was in vehicle and vehicle parts wholesaling, which dropped 10.9 percent or $177m.
On an unadjusted basis, wholesale trade sales were 9.6 percent ahead of a year earlier at $19 billion, with basic materials sales up 24.6 percent to $4.3 billion and the grocery, liquor and tobacco group up 8.5 percent to $6 billion.
Total wholesale trade stocks rose just 0.2 percent, seasonally adjusted, in the March quarter, following a 2.2 percent rise in the December quarter.
NZPA
Mon, 20 Jun 2011
Mon, 20 Jun 2011
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Wholesale trade sales rise for sixth consecutive quarter
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