Wholesale trade rises in second quarter, boosted by groceries, liquor, tobacco

Thu, 04 Sep 2014

By Suze Metherell Sept. 5 (BusinessDesk) - Wholesale trade rose in the second quarter, after a fall in the first three months of the year, as sales of groceries, liquor and tobacco products picked up. Seasonly adjusted total sales rose 1.8 percent in the three months ended June 30, after a fall of 0.2 percent in the first quarter, Statistics New Zealand said. In unadjusted terms the total value of wholesale trade sales was $21.9 billion, up 5.9 percent from the same quarter a year earlier. According to the government statistician there...

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