NZ wholesale trade dips in Dec quarter, could weigh on GDP

Wed, 06 Mar 2019

By Rebecca Howard March 7 (BusinessDesk) - New Zealand's wholesale trade dipped in the December quarter after strong rises in the prior six months and may lead economists to lower their expectations for economic growth. Seasonally adjusted sales fell 0.1 percent in the three months to December after a 2.2 percent rise in the September quarter and a 2.6 percent rise in the June quarter, Stats NZ said. "We were expecting more of a moderate increase. That didn't happen and, at least at the margin, puts some downward pressure on the gros...

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