Wholesale trade sales fall

Last updated 11:20 06/09/2013

Relevant offers


AFT Pharmaceuticals NZX and ASX listing to fund growth Porirua cbd gets two fibre networks and high-speed wi-fi Former casino magnate and vineyard owner sued for $3.5 million Architecturally-designed Wellington central building up for sale How Toyota used Nascar to sway loyal US car buyers Health drink SOS Hydration seeks to raise $2.3m in crowdfunding campaign VW announces cleaning solution for dirty diesels AFT Pharmaceuticals to list on NZX and ASX in December Brokers view: Positivity may be returning for Kathmandu Successful New Zealanders celebrated at Moet event

Wholesale trade sales are falling, with the largest drops during the June quarter in sales of machinery and equipment as well as business trading in agricultural supplies and products.

But cars and vehicle parts sales were up, gaining almost 4 per cent in the three-month period.

Statistics NZ figures for the June quarter showed wholesale sales down 1.5 per cent, after seasonal adjustments. The figures dropped in the three months to June after rising in the two previous quarters.

Trade fell across the board, with four of six categories showing falls.

Machinery and equipment wholesaling fell 2 per cent, down $89 million for the quarter. That sector includes businesses that trade in consumer electronics, telecommunications equipment, professional and scientific instruments, and agricultural machinery.

Basic materials were down $88m, a drop of 1.9 per cent. That sector includes businesses that trade in agricultural supplies and products, excluding food, raw materials, and construction supplies.

Motor vehicle and parts wholesaling had the largest rise this quarter - up $65m or 3.9 per cent.

The trend for total wholesale trade sales has generally been increasing since the last low point in mid-2009.

For the wholesale stocks, the seasonally adjusted value fell 0.8 per cent - down to $9.0b.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content