NZ wholesale trade rises 2.5% in 4Q

New Zealand wholesale trade rose in the final three months of 2011, led by an increase in machinery and equipment, after two little-changed quarters.

Total wholesale trade sales rose 2.5 percent to $20.4 billion, seasonally adjusted, according to Statistics New Zealand. The main contributors were a rise in machinery and equipment up 6.6 percent and grocery, liquor and tobacco product wholesaling rising 4.2 percent.

The trend remains at a near historically high level, with wholesale trade sales showing little change over the past two quarters following seven quarters of growth.

Of the six units measured, other goods wholesaling led the decline down 3.1 percent, followed by motor vehicle and parts wholesaling sliding 2.1 percent. Commission-based wholesaling fell 2.4 percent. Basic material wholesaling rose 0.3 percent.

(BusinessDesk)

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Rua Bioscience Market Update
FSF - Fonterra announces interim leadership changes
April 29th Morning Report
NZK - Blue Endeavour Pilot Farm and Wellboat Update
TRU - FY 31 March 2026 Revenue and Results Guidance Achieved
FBU - Fletcher Building sale of Fletcher Reinforcing and Wire
April 28th Morning Report
RYM - Ryman Healthcare appoints new independent director
ikeGPS 4Q FY26 and Full Year FY26 Performance Update
HGH - Heartland trading update