Fruit exports help lift New Zealand wholesale trade
Seasonally adjusted total wholesale trade sales were up 0.7 percent in the December 2016 quarter, after rising 1.2 percent in the September 2016 quarter and 1.8 percent in the June 2016 quarter.
"Sales of fruit for exports were higher than usual for a December quarter," business indicators senior manager Neil Kelly said. "The December quarter is non-peak season for fruit exports."
When adjusted for seasonal effects, four of the six wholesaling industries rose in the December 2016 quarter.
The largest industry increase was in grocery, liquor, and tobacco products wholesaling, which was up 2.0 percent ($150 million) from the September 2016 quarter. Fruit exports come under this category.
The trend for wholesale trade sales has generally been increasing since late-2009.
The actual value of wholesale trade sales was $25.9 billion in the latest quarter, almost $1 billion up (3.8 percent) from the December 2015 quarter. ■