New Zealand's wholesale trade rises 0.7% in Q4 aided by fruit
In the latest period, four of six wholesale industries recorded gains. Grocery, liquor and tobacco products rose 2 percent, with fruit exports higher than usual for a December quarter, a period which is a non-peak season for fruit exports. Sales of motor vehicles and parts rose 2.2 percent and machinery and equipment sales gained 1.7 percent.
Actual wholesale trade sales of $25.9 billion in the December quarter were up 3.8 percent from the same period in 2015. The total value of wholesale stocks held at Dec. 31 was $11 billion, up 1.6 percent from a year earlier.
source: nbr.co.nz
