Wholesale trade sales up again

File photo
File photo

Wholesale trade sales rose a seasonally adjusted 2 per cent in the December quarter from the previous three months, the fifth consecutive quarterly gain, Statistics New Zealand says.

Basic materials wholesaling gained 6.9 per cent, the largest sales value rise since the series started in 1995, while motor vehicle and vehicle parts was up 9.9 per cent, the fourth-largest value rise since 1995.

Grocery, liquor and tobacco products wholesaling values were down 0.5 per cent, following four consecutive quarterly rises.

Wholesale trade stocks rose a seasonally adjusted 2.5 per cent in the December quarter.

The value of stocks, which was not seasonally adjusted, rose to $8.7 billion at December 31 from $8.1 billion a year earlier.

Motor vehicle and vehicle parts wholesaling stocks lifted 21.4 percent from December 2009, machinery and equipment gained 5.4 percent, and the grocery, liquor and tobacco product category lifted 5.7 percent.

- NZPA

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