Wholesale trade sales rose again in the September 2016 quarter, after rising in the June 2016 quarter, reports Statistics New Zealand.
The industries with the largest sales movements were basic materials – up 1.8% ($87 million), motor vehicle and motor-vehicle parts – up 3.7% ($87 million) and machinery and equipment – up 1.7% ($79 million).
Seasonally adjusted total sales were up 1% in the latest quarter, after rising 1.7% in the June 2016 quarter and falling 0.2% in the March 2016 quarter.
“The September quarter’s increase in total wholesaling was led by agriculture products and motor vehicles,” says business indicators senior manager Neil Kelly.
“Basic material wholesaling includes businesses that trade in industries such as metal, mineral, and agriculture product wholesaling,” says Kelly.
The trend for wholesale trade sales has been increasing since late 2009.
The actual value of wholesale trade sales was $24.2 billion in the most recent quarter, up $564 million (2.4%) from the September 2015 quarter.
