NZ wholesale trade falls in March quarter, led by decline in primary sector goods

Sun, 07 Jun 2015

By Paul McBeth June 8 (BusinessDesk) - New Zealand's wholesale trade shrank in the first three months of the year, snapping six quarters of expansion, with a decline in goods derived from the primary sector leading the contraction. Seasonally adjusted sales fell 0.8 percent in the three months ended March 31, turning around from 0.2 percent growth in the December quarter, and posting its first decline since June 2013, according to Statistics New Zealand. On an unadjusted basis, wholesale sales rose 1.8 percent to $20.92 billion from the s...

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