NZ wholesale trade up for sixth quarter – MSN

NZ wholesale trade up for sixth quarter – MSN

New Zealand’s wholesale trade has continued to increase in the third quarter, its sixth consecutive quarterly rise.

But gains in most industries were partly offset by vehicle sales dipping from recent highs.

Seasonally adjusted sales gained 1.1 per cent in the three months ended September 30 from a 1.7 per cent rise in June, Stats NZ said.

Wholesale trade covers intermediary transactions between manufacturers and consumers, which feeds into the national accounts and is used by economists to predict wider economic activity.

By MSN

https://www.msn.com/en-nz/news/finance-business/nz-wholesale-trade-up-for-sixth-quarter/ar-BBGk2Hf?ocid=News