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Wholesale trade sales decreased 1%, or $219 million, for the September 2008 quarter, Statistics New Zealand says. The seasonally adjusted total is the largest quarterly fall since the December 2005 quarter and was led by an 11.3% fall in motor vehicle wholesaling.
Seasonally adjusted total wholesale trade sales in NZ fell one per cent in the September quarter, led by an 11.3 per cent fall in vehicle wholesaling.
Seasonally adjusted total wholesale trade sales fell 1 percent, or $219 million, in the September quarter, led by an 11.3 percent fall in vehicle wholesaling.
WELLINGTON, Dec 5 (Reuters) - New Zealand wholesale sales fell a seasonally adjusted 1 percent in the third quarter led down by weaker vehicle and petrol sales, according to official data released on Friday.
Seasonally adjusted total wholesale trade sales decreased 1.0 percent ($219 million) for the September 2008 quarter, Statistics New Zealand said today. This is the largest quarterly decrease in sales since the December 2005 quarter, and is led by the 11.3 percent fall in motor vehicle wholesaling.
Market Pulse News Alert for this AM, Stocks to Watch are: Planet Resource Recovery, Inc., General Electric Co., Yahoo! Inc. and Welwind Energy International Corp..
Dec. 3 (Bloomberg) -- China’s stocks rose by the most in two weeks, led by financial and raw-material companies, amid evidence the government is buying shares to support the market.
SINGAPORE (Reuters) - Oil rose towards $48 a barrel on Wednesday, recovering from a tumble of more than $100 off July peaks, but the upside could be limited, with further signs of weakening oil demand expected in upcoming weekly U.S. oil data.
NEW YORK (Reuters) - Oil prices fell below $48 a barrel on Tuesday as news that OPEC made only two-thirds of its pledged output cuts last month outweighed a rebound in the U.S. stock market.
LONDON (Reuters) - Oil rose above $49 a barrel on Tuesday, in response to a rally in U.S. and European shares after heavy losses the previous day. It had earlier fallen to a new 3-1/2-year low below $48, weighed down by gloom over the ailing world economy and its impact on fuel demand.
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