Wholesale trade sales down

design, digital, writing, stlus, ipad, tabletThe value of wholesale trade sales was $21.8 billion in the June 2015 quarter, down $71 million (0.3 per cent) from the June 2014 quarter, Statistics New Zealand said today.

After adjusting for seasonal effects, wholesale trade sales fell slightly, down 0.1 per cent in the quarter, after a 0.7 per cent fall in the March 2015 quarter.

“Wholesale industries had mixed results this quarter,” business indicators senior manager, Neil Kelly, said. “Three of the six industries had higher sales, and three had lower sales.”

Wholesale industries with the largest sales movements in the June 2015 quarter, compared with the March 2015 quarter were: grocery, liquor, and tobacco products up 1.4 per cent ($98 million) led by increased fruit exports; basic material down 1.4 per cent ($68 million); and machinery and equipment down 1.4 per cent ($61 million) due to agricultural and construction machinery.

The trend for wholesale trade sales has generally been rising since the September 2009 quarter, but it has fallen in recent quarters. However, the trend remains at a high level.

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