Dent in metal and timber wholesaling

Timber and metal wholesaling fell in the September 2019 quarter, Stats NZ said today.

Seasonally adjusted, the basic materials industry sales value fell $182 million (2.8 percent), largely driven by falls in timber and metal. The basic materials industry also includes agricultural products, chemicals, and hardware.

QuarterSeasonally adjustedActual
Sep-1649910380005028472000
Dec-1650343310005503411000
Mar-1752685710004991618000
Jun-1754136990005146375000
Sep-1755915870005646508000
Dec-1759778380006535570000
Mar-1858842300005561831000
Jun-1860483340005754562000
Sep-1862621750006328241000
Dec-1862709470006853994000
Mar-1963406090005989659000
Jun-1963914020006084380000
Sep-1962097460006273721000

“The fall in timber wholesaling coincided with an oversupply of logs in China and a drop in the sale price of New Zealand logs in that market,” business statistics manager Geraldine Duoba said.

Overseas merchandise trade: September 2019 showed exports of logs, wood, and wood articles fell 14 percent in the September quarter.

Overall, seasonally adjusted wholesale trade sales rose 0.3 percent, the fourth consecutive quarter with sales increases of less than one percent.

In contrast to the fall in basic materials, four of the six wholesale industry groups saw sales increases in the September 2019 quarter. The largest rise was for other goods wholesaling (which includes pharmaceuticals, toiletries, and furniture), up $141 million (3.4 percent).

Industry$
Other goods wholesaling141249000
Machinery and equipment wholesaling113410000
Motor vehicle and motor-vehicle parts wholesaling78790000
Commission-based wholesaling39320000
“Grocery-107811000
liquor-181656000
and tobacco product wholesaling”
Basic material wholesaling

The actual value of total wholesale trade sales was $28 billion in the September 2019 quarter, up $460 million (1.7 percent) from the September 2018 quarter.

/Stats NZ Public Release. The material in this public release comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here.