NZ wholesale trade up 2.1% in first quarter

Mon, 05 Jun 2017

By Sophie Boot June 6 (BusinessDesk) - New Zealand wholesale trade advanced in the first quarter of 2017, with gains in basic materials such as agricultural products, petrol and timber. Seasonally adjusted sales gained 2.1 percent in the three months ended March 31, from a 1.1 percent gain in the fourth quarter of 2016, Statistics New Zealand figures show. Wholesale trade covers intermediary transactions between manufacturers and consumers, which feeds into the national accounts and is used by economists to predict wider economic activ...

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