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September 24, 2018WHOLESALE TRADE, JULY 2018 Month-over-month
The month-over-month index of wholesale trade illustrates the volatility of Nova Scotia seasonally adjusted wholesale trade in comparison to the national index. Year-to-date comparisons are more indicative of economic conditions for such volatile indicators.
In Nova Scotia July 2018, on a seasonally adjusted basis
- month-over-month Wholesale Trade decreased 1.0 per cent to $863.0 million over June 2018.
- year-over-year Wholesale Trade increased 6.3 per cent over July 2017.
- year-to-date (Jan-Jul 2018) Wholesale Trade increased 4.0 per cent over Jan-Jul 2017.
In Canada July 2018, on a seasonally adjusted basis
- month-over-month Wholesale Trade increased 1.5 per cent to $63.9 billion over June 2018.
- year-over-year Wholesale Trade increased 4.1 per cent over July 2017.
- year-to-date (Jan-Jul 2018) Wholesale Trade increased 4.8 per cent over Jan-Jul 2017.
By Province
On a month over month basis, seasonally adjusted Wholesale Trade was up 1.5 per cent nationally. Six provinces reported monthly increases in wholesale trade, with Quebec (3.2%) reporting the largest gain in percentage terms. Nova Scotia reported a decline (-1.0%) over the previous month. Newfoundland and Labrador reported the largest decline (-4.6%) over the previous month.
On a year-over-year basis, seasonally adjusted Wholesale Trade was up 4.1 per cent nationally. Seven provinces reported year-over-year increases in wholesale trade, with Prince Edward Island (22.1%) reporting the largest gain in percentage terms. Nova Scotia reported an increase (6.3%) over the previous year. Compared to July 2017 Newfoundland and Labrador reported the largest decline (-10.7%).
On a year-to-date basis, in Canada seasonally adjusted Wholesale Trade was up 4.8 per cent. Eight provinces reported year-to-date increases in wholesale trade, with Prince Edward Island (23.7 %) reporting the largest gain in percentage terms. Nova Scotia reported an increase (4.0 %) over the same period last year. Compared to Jan-Jul 2017, Newfoundland and Labrador reported the largest decline (-3.5 %).
Nova Scotia Sectors
Statistics Canada now releases seasonally adjusted wholesale trade data by sector at the provincial level. As there has been significant volatility in recent wholesale values for Nova Scotia. Year-to-date comparisons are more indicative of economic conditions for volatile indicators and seasonally adjusted wholesale values will also smooth out the indicator.
In Nova Scotia (Jan-Jul 2018), Total: wholesale trade year-to-date increased 4.0% ($234.0 million) over the same period last year.
- Food, beverage with a 34% share of Wholesale Trade decreased 1.7% (-$35.4 million).
- Motor vehicle and parts with a 17% share increased 0.7% ($7.3 million).
- Building material with a 20% share increased 4.9% ($56.3 million).
- Machinery, equipment with a 16% share increased 4.9% ($45.2 million).
- Miscellaneous wholesalers with a 7% share increased 20.2% ($75.5 million).
STATISTICS CANADA QUOTE
"IThe food, beverage and tobacco subsector contributed the most to the decline in Nova Scotia (-1.0%)..."
REFERENCES
Statistics Canada: CANSIM Table: 20-10-0074-01 (formerly CANSIM 081-0011)
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