Stats NZ

Business financial data: September 2024 quarter

Business financial data provides sales, purchases, salaries and wages, and operating profit estimates for most market industries in New Zealand, and information on stocks for selected industries. This collection uses a combination of survey, tax, and other administrative data.

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Key facts

For all business financial data (BFD) industries, in the September 2024 quarter compared with the September 2023 quarter:

  • sales were $189 billion, down $1.3 billion (0.7 percent)
  • purchases were $133 billion, down $888 million (0.7 percent)
  • salaries and wages were $31 billion, up $593 million (1.9 percent)
  • operating profit was $25 billion, down $1.0 billion (4.0 percent).

When adjusting for seasonal effects, in the September 2024 quarter compared with the June 2024 quarter:

  • sales in 6 of the 14 New Zealand Standard Industrial Output Classification (NZSIOC) level 1 industries increased
  • electricity, gas, water, and waste services (up $819 million); wholesale trade (down $457 million); and construction (down $429 million) industries had the largest movements in sales.

The business financial data release covers most market industries in the New Zealand economy, using survey and tax data.

New Zealand Standard Industrial Output Classification has more information on industry classifications.

The following table contains NZSIOC level 1 seasonally adjusted sales values, but not adjusted for price effects.

Business financial data at a glance, September 2024 quarter

By industry grouping

Total sales value
in the September 2024 quarter

Quarterly change

(from June 2024 quarter)

Annual change

(from September 2023 quarter)

($) million

Percent change

Percent change

Forestry and fishing
(excluding agriculture)

3,515

2.6

3.4

Mining

1,191

6.9

-4.8

Manufacturing

31,762

-0.1

0.6

Electricity, gas, water,
and waste services

8,744

10

32

Construction

23,536

-1.8

-7.3

Wholesale trade

37,315

-1.2

-2.6

Retail trade and accommodation

29,607

-0.7

-2.9

Transport, postal, and warehousing

10,251

-1.1

1.1

Information media and
telecommunications

4,452

-2.3

-4.8

Rental, hiring, and real estate services

9,225

1.6

0.6

Professional, scientific, technical,
administrative and support services

20,148

-0.3

-1.4

Education and training

1,000

0.9

2.3

Health care and social assistance

6,041

3.3

8.2

Arts, recreation, and other services

4,806

-0.3

-0.2

 

Manufacturing

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

In the September 2024 quarter, when adjusted for seasonal effects against the previous quarter:

  • the volume of total manufacturing sales fell 1.2 percent, following a 0.3 percent rise in the June 2024 quarter
  • the value of total manufacturing sales fell $43 million (0.1 percent), following a $296 million (0.9 percent) rise in the June 2024 quarter.
Created with Highcharts 5.0.14Industry$Volumes (constant dollar series) are at September 2010 quarter prices.Changes in seasonally adjusted manufacturing sales ($), values and volumes, June 2024–September 2024 quartersValueVolumeMeat and dairy productsChemical, polymer, and rubber productsTransport equipment, machinery and equipmentPetroleum and coal productsPrintingSeafood processingFurniture and other manufacturingNon-metallic mineral productsFruit, oil, cereal, and other foodWood and paper productsTextile, leather, clothing, and footwearMetal productsBeverage and tobacco products-200M-150M-100M-50M050M100M150M200M250M300M350M-250MStats NZ

Changes in seasonally adjusted manufacturing sales ($), values and volumes, June 2024–September 2024 quarters

Created with Highcharts 5.0.14$Changes in seasonally adjusted manufacturing sales ($), values and volumes, June 2024–September 2024 quartersValueVolumeMeat and dairy productsChemical, polymer, and rubber productsTransport equipment, machinery and equipmentPetroleum and coal productsPrintingSeafood processingFurniture and other manufacturingNon-metallic mineral productsFruit, oil, cereal, and other foodWood and paper productsTextile, leather, clothing, and footwearMetal productsBeverage and tobacco products-200M-150M-100M-50M050M100M150M200M250M300M350M-250MStats NZ
IndustryValueVolume
Meat and dairy products330,032,00069,195,000
Chemical, polymer, and rubber products100,411,00064,021,000
Transport equipment, machinery and equipment48,318,0004,394,000
Petroleum and coal products1,057,000496,000
Printing-1,679,000-1,394,000
Seafood processing-11,915,000-6,427,000
Furniture and other manufacturing-11,009,000-8,999,000
Non-metallic mineral products-24,336,000-23,036,000
Fruit, oil, cereal, and other food-14,706,000-26,861,000
Wood and paper products-37,064,000-41,863,000
Textile, leather, clothing, and footwear-79,274,000-82,203,000
Metal products-217,111,000-111,939,000
Beverage and tobacco products-125,650,000-129,211,000

In actual terms, the volume of finished goods stocks (not seasonally adjusted) for total manufacturing rose 4.4 percent ($389 million) in the September 2024 quarter compared with the September 2023 quarter.

In actual terms, total manufacturing purchases fell $124 million (0.6 percent), and salaries and wages rose $52 million (1.1 percent) compared with the September 2023 quarter.

More manufacturing data can be found under Download data, or on Infoshare (under Industry sectors, Manufacturing Survey (ANZSIC06) – MFG).

Wholesale trade

When adjusted for seasonal effects, the total value of wholesale trade sales fell 1.2 percent ($457 million) in the September 2024 quarter, following a 1.3 percent ($503 million) fall in the June 2024 quarter.

Created with Highcharts 5.0.14Industry$Changes in seasonally adjusted wholesale trade sales ($), by industry, June 2024–September 2024 quartersOther goods wholesalingMachinery and equipment wholesalingCommission-based wholesalingMotor vehicle and motor-vehicle parts wholesalingGrocery, liquor, and tobacco product wholesalingBasic material wholesaling-450M-400M-350M-300M-250M-200M-150M-100M-50M050M100M150M-500MStats NZ

Changes in seasonally adjusted wholesale trade sales ($), by industry, June 2024–September 2024 quarters

Created with Highcharts 5.0.14$Changes in seasonally adjusted wholesale trade sales ($), by industry, June 2024–September 2024 quartersValueOther goods wholesalingMachinery and equipment wholesalingCommission-based wholesalingMotor vehicle and motor-vehicle parts wholesalingGrocery, liquor, and tobacco product wholesalingBasic material wholesaling-450M-400M-350M-300M-250M-200M-150M-100M-50M050M100M150M-500MStats NZ
IndustryValue
Other goods wholesaling143,263,000
Machinery and equipment wholesaling48,777,000
Commission-based wholesaling7,406,000
Motor vehicle and motor-vehicle parts wholesaling-75,198,000
Grocery, liquor, and tobacco product wholesaling-134,528,000
Basic material wholesaling-446,476,000

The actual total value of wholesale trade stocks held at 30 September 2024 was $18 billion, down $905 million (4.7 percent) from 30 September 2023.

In actual terms, total wholesale trade purchases fell $929 million (2.8 percent), and salaries and wages rose $41 million (1.6 percent) compared with the September 2023 quarter.

More wholesale trade data can be found under Download data, or on Infoshare (under Industry sectors, Wholesale trade Survey – WTS).

Further industry results

For the industry breakdowns below, we currently only have seasonally adjusted data for the sales values. The purchases and salaries and wages values are actual data and therefore year-on-year movements are used.

Forestry, fishing, and agricultural services

Total sales in this category were $3.5 billion, up $90 million (2.6 percent) from the June 2024 quarter. Actual purchases rose $19 million (0.8 percent), and salaries and wages rose $25 million (4.6 percent) in the September 2024 quarter compared with the September 2023 quarter.

By industry the sales movements were:

  • forestry and logging – up $69 million (5.3 percent)
  • fishing, aquaculture, and support services for agriculture, forestry, and fishing – up $20 million (1.0 percent).

Mining

Total sales in this category were $1.2 billion, up $77 million (6.9 percent) from the June 2024 quarter. Actual purchases fell $8.3 million (1.2 percent), and salaries and wages rose $20 million (11 percent) in the September 2024 quarter compared with the September 2023 quarter.

Electricity, gas, water, and waste services

Total sales in this category were $8.7 billion, up $819 million (10 percent) from the June 2024 quarter. Actual purchases rose $2.1 billion (49 percent), and salaries and wages rose $41 million (6.9 percent) in the September 2024 quarter compared with the September 2023 quarter.

Construction

Total sales in this category were $24 billion, down $429 million (1.8 percent) from the June 2024 quarter. Actual purchases fell $1.4 billion (8.0 percent), and salaries and wages fell $43 million (1.0 percent) in the September 2024 quarter compared with the September 2023 quarter.

Retail trade and accommodation

Total sales in this category were $30 billion, down $209 million (0.7 percent) from the June 2024 quarter. Actual purchases fell $243 million (1.0 percent), and salaries and wages rose $7.0 million (0.2 percent) in the September 2024 quarter compared with the September 2023 quarter.

By industry the sales movements were:

  • retail trade – down $182 million (0.7 percent)
  • accommodation and food services – down $7.1 million (0.1 percent).

Retail trade survey: September 2024 quarter has more information on these industries.

Transport, postal, and warehousing

Total sales in this category were $10 billion, down $113 million (1.1 percent) from the June 2024 quarter. Actual purchases fell $167 million (2.7 percent), and salaries and wages rose $89 million (4.2 percent) in the September 2024 quarter compared with the September 2023 quarter.

Information media and telecommunications

Total sales in this category were $4.5 billion, down $104 million (2.3 percent) from the June 2024 quarter. Actual purchases fell $138 million (4.7 percent), and salaries and wages rose $18 million (2.4 percent) in the September 2024 quarter compared with the September 2023 quarter.

Rental, hiring, and real estate services

Total sales in this category were $9.2 billion, up $147 million (1.6 percent) from the June 2024 quarter. Actual purchases fell $3.9 million (0.1 percent), and salaries and wages rose $12 million (2.0 percent) in the September 2024 quarter compared with the September 2023 quarter.

Professional, scientific, technical, administrative and support services

Total sales in this category were $20 billion, down $65 million (0.3 percent) from the June 2024 quarter. Actual purchases fell $206 million (2.1 percent), and salaries and wages rose $136 million (2.2 percent) in the September 2024 quarter compared with the September 2023 quarter.

By industry the sales movements were:

  • professional, scientific, and technical services – down $122 million (0.8 percent)
  • administrative and support services – up $57 million (1.0 percent).

Education and training

Total sales in this category were $1.0 billion, up $9.1 million (0.9 percent) from the June 2024 quarter. Actual purchases rose $38 million (11 percent), and salaries and wages rose $38 million (8.5 percent) in the September 2024 quarter compared with the September 2023 quarter.

Health care and social assistance

Total sales in this category were $6.0 billion, up $192 million (3.3 percent) from the June 2024 quarter. Actual purchases rose $224 million (8.9 percent), and salaries and wages rose $113 million (5.4 percent) in the September 2024 quarter compared with the September 2023 quarter.

Arts, recreation, and other services

Total sales in this category were $4.8 billion, down $17 million (0.3 percent) from the June 2024 quarter. Actual purchases rose $6.4 million (0.2 percent), and salaries and wages rose $46 million (3.8 percent) in the September 2024 quarter compared with the September 2023 quarter.

By industry the sales movements were:

  • arts and recreation services – down $59 million (3.6 percent)
  • other services – up $42 million (1.3 percent).

The business financial data release covers most market industries in the New Zealand economy, using survey and tax data.

Data updates

We received updated information and improved our methodology for previous quarters, affecting results for the December 2023, March 2024, and June 2024 quarters. The changes are marked with a revision flag in the affected series across the published tables, CSV files, and relevant Infoshare series.

Infoshare changes by date has more information on the data updates and the series affected.

More data

Use Infoshare to access time-series data for this release.

All series are found under the Subject category: Industry sectors.

Business financial data:
Group: Business Data Collection – BDC

Manufacturing data:
Group: Manufacturing survey (ANZSIC06) – MFG

Wholesale trade data:
Group: Wholesale trade survey – WTS

Selected services data:
Group: Selected services survey (ANZSIC06) – SSS

ISSN 2744-3957

Next release

Business financial data: December 2024 quarter will be released on 11 March 2025.

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