NZ wholesale trade up for 6th consecutive quarter, though vehicle sales dip

Wed, 06 Dec 2017

By Sophie Boot Dec. 7 (BusinessDesk) - New Zealand wholesale trade continued to increase in the third quarter, its sixth consecutive quarterly rise, though gains in most industries were partly offset by vehicle sales dipping from recent highs. Seasonally adjusted sales gained 1.1 percent in the three months ended Sept. 30 from a 1.7 percent rise in June, 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 econ...

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