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For additional information relating to this article, please contact:

Doug McCann Research and Statistics Officer
Tel: 902-424-2141Email: Douglas.McCann@novascotia.ca

December 20, 2018
WHOLESALE TRADE, OCTOBER 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 October 2018, on a seasonally adjusted basis

  • month-over-month Wholesale Trade decreased 3.9 per cent to $796.9 million over September 2018.
  • year-over-year Wholesale Trade increased 0.6 per cent over October 2017.
  • year-to-date (Jan-Oct 2018) Wholesale Trade increased 4.0 per cent over Jan-Oct 2017.

In Canada Oct 2018, on a seasonally adjusted basis

  • month-over-month Wholesale Trade increased 1.0 per cent to $63.8 billion over September 2018.
  • year-over-year Wholesale Trade increased 2.7 per cent over October 2017.
  • year-to-date (Jan-Oct 2018) Wholesale Trade increased 4.3 per cent over Jan-Oct 2017.

 

By Province

On a month over month basis, seasonally adjusted Wholesale Trade was up 1.0 per cent nationally. New Brunswick reported the largest gain (+6.1 per cent) while Nova Scotia reported the largest decline (-3.9 per cent) over the previous month. 

On a year-over-year basis, seasonally adjusted Wholesale Trade was up 2.7 per cent nationally. Six provinces reported year-over-year increases in wholesale trade, with Prince Edward Island (9.9 per cent) reporting the largest gain in percentage terms. Newfoundland and Labrador reported the largest decline (-1.1 per cent) compared to October 2017.

On a year-to-date basis, in Canada seasonally adjusted Wholesale Trade was up 4.3 per cent. Nine provinces reported year-to-date increases in wholesale trade, with Prince Edward Island (21.3 per cent) reporting the largest gain in percentage terms, while Newfoundland and Labrador reported the only decline (-3.1 per cent).

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-Oct 2018), Total wholesale trade year-to-date increased 4.0% ($327.3 million) over the same period last year.

  • Food, beverage with a 33% share of Wholesale Trade increased 0.4 per cent ($11.2 million).
  • Motor vehicle and parts with a 16% share decreased 3.6 per cent (-$51.5 million).
  • Building material with a 20% share increased 3.2 per cent ($51.8 million).
  • Machinery, equipment with a 16% share increased 3.6 per cent ($47.4 million).
  • Miscellaneous wholesalers with a 7% share increased 17.1 per cent ($92.7 million). 

 

REFERENCES

Statistics Canada: CANSIM Table: 20-10-0074-01 (formerly CANSIM 081-0011)



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