Quiet December quarter for wholesale trade

Wholesale trade was quiet in the December 2018 quarter after two strong quarterly rises, Stats NZ said today.

The seasonally adjusted total sales value for wholesale trade fell 0.1 percent in the December 2018 quarter, following a 2.2 percent rise in the September 2018 quarter.

QuarterPercentage
Dec-120.5
Mar-131
Jun-13-0.7
Sep-131.3
Dec-132.1
Mar-140.5
Jun-142.1
Sep-14-0.5
Dec-140.4
Mar-150.1
Jun-15-0.1
Sep-152.6
Dec-15-0.3
Mar-160
Jun-161.1
Sep-160.8
Dec-161.2
Mar-172.3
Jun-171.6
Sep-170.9
Dec-173.5
Mar-180
Jun-182.7
Sep-182.2
Dec-18-0.1

“Results across the industries were mixed, with one large fall mainly offset by three small rises,” wholesale trade statistics manager Sue Chapman said.

Industry$
Commission-based wholesaling31951000
Basic material wholesaling24465000
“Grocery22720000
liquor-1589000
and tobacco product wholesaling”-8323000
Motor vehicle and motor-vehicle parts wholesaling-116339000
Other goods wholesaling
Machinery and equipment wholesaling

The largest industry decrease was in machinery and equipment wholesaling, which was down 2.1 percent ($116 million).

“The December sales growth in machinery and equipment wholesaling was softer than usual, so we are seeing lower sales in seasonally adjusted terms,” Ms Chapman said.

The actual stock value of machinery and equipment wholesaling had a modest 0.8 percent rise in December 2018 quarter than in the September 2018 quarter.

Machinery and equipment wholesaling includes agricultural and construction machinery, computers, and electrical and electronic goods.

The actual value of total wholesale trade sales was $29.3 billion in the December 2018 quarter, up $1.3 billion (4.8 percent) from the December 2017 quarter.

/Stats NZ Public Release. View in full here.