7 Dec 2011

Wholesale trade sales down

12:31 pm on 7 December 2011

Wholesale trade sales have fallen for the first time in two years.

Official figures show seasonally adjusted wholesale sales fell 2.2% in the three months to September.

Most industries experienced declines, with the heaviest declines coming from the sector that includes textiles, footwear and pharmaceuticals, and the machinery and equipment sector.

The value of total wholesale trade stocks stood at $8.8 billion.

The survey monitors the level of activity in the wholesale trade sector, which supplies retailers.