NZ wholesale trade rises for third quarter in December

NZ wholesale trade rises for third quarter in December
By Paul McBeth March 6 (BusinessDesk) - New Zealand's wholesale trade grew for a third quarter in the final three months of 2014, with increased activity for apparel, pharmaceuticals and furniture leading the expansion. Seasonally adjusted sales rose 0.3 percent in the three months ended Dec. 31, slowing from the 0.6 percent pace in September, and rounding out a third quarter of growth, according to Statistics New Zealand. On an adjusted basis, wholesale sales were 2.8 percent higher than the same period in 2013 at $23.35 billion, and sto...