Weak winter in wholesale trade

Embargoed until 10:45am  –  07 December 2012
See also:
Wholesale Trade Survey: September 2012 quarter  –  for more data and analysis

Wholesale Trade Survey: September 2012 quarter  –  Media Release

Mixed results in wholesaling industries led to a minor fall in total wholesale trade sales for the September 2012 quarter, Statistics New Zealand said today.

After adjusting for seasonal effects, total sales were down 0.3 percent ($67 million).

“Most wholesaling industries had higher sales this quarter. However, falls in the basic materials, and the other goods wholesaling industries just managed to tip the total wholesale trade sales balance into the negative," industry and labour statistics manager Blair Cardno said.

The basic materials wholesaling industry (down $141 million) covers businesses selling agricultural supplies, products, and raw materials. The other goods wholesaling industry (down $80 million) includes businesses selling pharmaceutical products, furniture, kitchenware, and personal goods (eg clothing and toiletries).

Motor vehicle and motor-vehicle parts wholesaling rebounded in the latest quarter and was up $88 million.

The trend for total wholesale sales has been flat since mid-2011, after a period of strong increases that started in late 2009.

The seasonally adjusted value of stocks rose 0.8 percent, to reach $9.0 billion.

Ends

 
For media enquiries contact: Authorised by:

Blair Cardno 
Christchurch 03 964 8700
Email: info@stats.govt.nz

Geoff Bascand
Government Statistician
Published 7 December 2012