NZ wholesale trade lifts 0.7% in 1Q

Sun, 09 Jun 2019

By Rebecca Howard June 10 (BusinessDesk) - New Zealand's wholesale trade lifted in the March quarter after falling in December and may add to the view that first-quarter economic growth held up better than expected. Seasonally adjusted sales rose 0.7 percent in the three months to March 31, following a 0.2 percent decline in the December quarter, Stats NZ said. Four of the six wholesale industries lifted in the quarter. The biggest increase was in machinery and equipment, up 2.2 percent, or $118 million. The category includes agricult...

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