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NZ wholesales sales rise 1.1% in Q3

2017-11-20T054427Z_1071021111_RC13E159C6C0_RTRMADP_3_NEWZEALAND-ECONOMY-RETAIL.JPG
New Zealand seasonally adjusted wholesale sales climbed 1.1 per cent in the third quarter, its sixth rise in a row, Statistics New Zealand data showed on Thursday.

[WELLINGTON] New Zealand seasonally adjusted wholesale sales climbed 1.1 per cent in the third quarter, its sixth rise in a row, Statistics New Zealand data showed on Thursday.

Growth had eased a little from the previous quarter when sales grew 1.6 per cent as vehicle parts fell 3.6 per cent.

Actual wholesale sales were 6.2 per cent higher than the same quarter a year ago.

Those gains were led by groceries and alcohol, which jumped 2.8 per cent from the previous quarter.

REUTERS

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