NZ wholesale trade rises 1.7% in 2nd-qtr - fifth straight quarterly gain

Wed, 06 Sep 2017

By Rebecca Howard Sept. 7 (BusinessDesk) - New Zealand wholesale trade pushed higher on quarter in the June quarter, with five of six wholesale industries reporting higher sales. It was the fifth consecutive quarterly gain. Seasonally adjusted sales gained 1.7 percent in the three months ended June 30 versus a gain of 2.1 percent in the March quarter, Stats NZ said. Wholesale trade covers intermediary transactions between manufacturers and consumers, which feeds into the national accounts and is used by economists to predict wider ec...

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