Sharechat Logo

NZ wholesale trade rises 2.5% in 4Q

Wednesday 7th March 2012

Text too small?

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



  General Finance Advertising    

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.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report