Wholesale and manufacturing sales rise

Wholesale trade sales rose 3.0 percent in the June 2021 quarter, while manufacturing sales values were up 3.9 percent, Stats NZ said today.

When adjusted for price effects, manufacturing sales volumes were down 0.1 percent from the March 2021 quarter.

Strong rise in wholesale trade sales

The rise in the June 2021 quarter followed a 3.7 percent rise in the March 2021 quarter, when adjusted for seasonal effects.

"Wholesale trade sales rose for the second quarter in a row, after a dip in the December quarter last year," business insights manager Sue Chapman said.

"All of the six wholesale industries had increases in sales for the June 2021 quarter."

ActualSeasonally adjusted
Jun-182664578300026852297000
Sep-182769528800027404590000
Dec-182927197000027644276000
Mar-192603819600027813464000
Jun-192762421300027765874000
Sep-192820064400027876363000
Dec-192983898200028230066000
Mar-202652099300028366342000
Jun-202495122500025026501000
Sep-202979472500029436119000
Dec-203065771700029042299000
Mar-212814643200030129766000
Jun-213099644000031046101000

The largest industry increase was in basic material wholesaling, up 6.0 percent from the March 2021 quarter when adjusted for seasonal effects. Basic material includes other agricultural products, hardware goods, metal and mineral, petroleum, and timber wholesaling.

The second largest industry increase was in grocery, liquor, and tobacco product wholesaling, up 3.8 percent ($334 million) from the March 2021 quarter when adjusted for seasonal effects.

The actual value of total wholesale trade sales was $31 billion in the June 2021 quarter, up $6.0 billion (24 percent) from the COVID-affected June 2020 quarter.

Soft manufacturing sales volumes in June

Manufacturing sales volumes in the June 2021 quarter dipped slightly from the March quarter, after three consecutive quarterly rises.

When adjusted for seasonal effects, manufacturing sales volumes were down 0.1 percent from the March 2021 quarter.

Volumes are calculated by removing the effect of price changes from sales values.

VolumesValues
Jun-18-0.781.9
Sep-18-11.61
Dec-181.58-0.48
Mar-191.580.7
Jun-19-2.31-0.62
Sep-19-0.231.43
Dec-192.272.57
Mar-20-1.59-0.56
Jun-20-12.3-12.75
Sep-2017.5910.97
Dec-200.480.47
Mar-210.562.73
Jun-21-0.113.95

Dairy and meat product manufacturing values up

By industry, dairy and meat product manufacturing had the largest value increase, up $596 million (6.6 percent) in the June 2021 quarter, mainly due to high prices.

After adjusting for price effects, the volume of meat and dairy product manufacturing was relatively steady, up 0.1 percent from the March 2021 quarter.

"Export prices for dairy and meat rose strongly in the June quarter," Ms Chapman said.

International trade: June 2021 quarter has more on export prices and volumes of goods and commodities.

Dairy and meat manufacturing sales value
Jun-178015982000
Sep-178185951000
Dec-178381982000
Mar-188001634000
Jun-188315760000
Sep-188424250000
Dec-188333584000
Mar-198807319000
Jun-198561466000
Sep-198885631000
Dec-199496155000
Mar-209460030000
Jun-209361729000
Sep-208952971000
Dec-208705791000
Mar-219041898000
Jun-219638304000
Dairy and meat export value
Jun-175295105000
Sep-175156779000
Dec-175563172000
Mar-185145081000
Jun-185450465000
Sep-185982410000
Dec-185495363000
Mar-195854798000
Jun-195763459000
Sep-195882771000
Dec-196472600000
Mar-206439807000
Jun-206197176000
Sep-205651572000
Dec-205757375000
Mar-215949131000
Jun-216540194000
/Stats NZ Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.