NZ wholesale trade rises 0.7% in 4Q, led by fruit, vehicles

Mon, 06 Mar 2017

By Sophie Boot March 7 (BusinessDesk) - New Zealand wholesale trade rose in the fourth quarter, led by strong fruit exports. Seasonally adjusted sales gained 0.7 percent in the three months ended Dec. 31, 2016, from a 1 percent gain in the third quarter, Statistics New Zealand figures show. Actual wholesale stocks rose 1.6 percent from the fourth quarter of 2015. Wholesale trade covers intermediary transactions between manufacturers and consumers, which feeds into the national accounts and is used by economists to predict wider economi...

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