Materials boost wholesale trade

Last updated 11:23 07/03/2014

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A rise in basic-materials wholesaling has led to a 2.7 per cent lift in wholesale trade sales in the December quarter.

Wholesale trade sales - which measure the sale or resale of new or used goods to retailers, including businesses or institutional users (including government) - rose in the last three months of 2013 to reach $21.6 billion, with gains across the board.

"Every wholesaling industry reported increases during the latest quarter," Statistics NZ industry and labour statistics manager Blair Cardno said.

"This has not occurred since the September 2010 quarter."

Basic-materials wholesaling had the biggest increase in the December 2013 quarter, up $172 million (3.7 per cent). That included wholesale trade in agricultural supplies and products (excluding food), raw materials, and construction supplies.

Other goods wholesaling increased $134m (4.2 per cent). That included businesses that trade in pharmaceutical, stationery, furniture, and textile materials.

Machinery and equipment wholesaling had a quarterly increase of $133m or 3 per cent. That included trade in consumer electronics, telecommunications equipment, professional and scientific instruments, and agricultural machinery.

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

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- Fairfax Media

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