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New Zealand wholesale trade sales drop in first quarter

English.news.cn   2014-06-09 09:54:11

WELLINGTON, June 9 (Xinhua) -- New Zealand's wholesale trade sales slipped by 0.4 percent in the quarter to the end of March following a rise of 2.3 percent the previous quarter, the government statistics agency announced Monday.

"There were mixed results in the wholesaling industries this latest quarter, with the two largest industry movements almost canceling each other out," Statistics New Zealand business indicators manager Neil Kelly said in a statement.

The two largest sales movements saw machinery and equipment wholesaling drop by 217 million NZ dollars (184.71 million U.S. dollars), or 4.8 percent, and basic materials wholesaling rise by 231 million NZ dollars (196.63 million U.S. dollars), or 4.8 percent.

Machinery and equipment wholesaling included covered consumer electronics, telecommunication equipment, professional and scientific equipment and agricultural machinery, while basic materials included agricultural supplies and products (excluding food), minerals, timber and hardware supplies and products.

The trend for total wholesale trade sales had generally been increasing since the September 2009 quarter.

The value of total wholesale trade sales was 20.6 billion NZ dollars (17.53 billion U.S. dollars), up 3.3 percent on the March 2013 quarter.

Editor: Xiang Bo
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