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December 19, 2019WHOLESALE TRADE, OCTOBER 2019 
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 2019, on a seasonally adjusted basis
- month-over-month Wholesale Trade decreased 8.3 per cent to $827.6 million over September 2019.
- year-over-year Wholesale Trade increased 1.8 per cent over October 2018.
- year-to-date (Jan-Oct 2019) Wholesale Trade increased 3.1 per cent over Jan-Oct 2018.
In Canada October 2019, on a seasonally adjusted basis
- month-over-month Wholesale Trade decreased 1.1 per cent to $64.2 billion over September 2019.
- year-over-year Wholesale Trade increased 1.2 per cent over October 2018.
- year-to-date (Jan-Oct 2019) Wholesale Trade increased 2.5 per cent over Jan-Oct 2018.
BY PROVINCE
On a month over month basis, seasonally adjusted Wholesale Trade was down 1.1 per cent nationally. Two provinces reported monthly increases in wholesale trade, with Manitoba (0.5 per cent) reporting the largest gain in percentage terms. Nova Scotia reported the largest decline (8.3 per cent) over the previous month.
On a year-over-year basis, seasonally adjusted Wholesale Trade was up 1.2 per cent nationally. Seven provinces reported year-over-year increases in wholesale trade, with Prince Edward Island (14.3 per cent) reporting the largest gain in percentage terms. Nova Scotia reported an increase (1.8 per cent) over the previous year. Compared to October 2018 Manitoba reported the largest decline (5.5 per cent).
Year-to-Date (Jan-Oct 2018 to Jan-Oct 2019)
On a year-to-date basis, in Canada seasonally adjusted Wholesale Trade was up 2.5 per cent. Seven provinces reported year-to-date increases in wholesale trade, with Prince Edward Island (15.4 per cent) reporting the largest gain in percentage terms. Nova Scotia reported an increase (3.1 per cent) over the same period last year. Compared to Jan-Oct 2018, British Columbia reported the largest decline (2.2 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 2019), Total wholesale trade year-to-date increased 3.1 per cent ($263.8 million) over the same period last year.
In the following sectors wholesale trade increased:
- Motor vehicle and parts with a 18% share increased 9.1 per cent ($131.8 million).
- Building material with a 19% share increased 1.1 per cent ($19.1 million).
- Machinery, equipment with a 17% share increased 8.8 per cent ($120.5 million).
- Other wholesalers with a 6% share increased 8.6 per cent ($43.0 million)
In the following sector wholesale trade decreased:
- Food, beverage with a 33% share of Wholesale Trade decreased 0.3 per cent ($8.6 million).
- Miscellaneous wholesalers with a 7% share decreased 6.5 per cent ($42.1 million).
STATISTICS CANADA QUOTES
"Wholesale inventories decreased 0.5% to $91.6 billion in October, the third consecutive monthly decline. These three declines came after 11 consecutive monthly increases in inventories. From September 2018 to October 2019 inventories rose 6.3%."
Reference Tables
20-10-0074-01 Seasonally adjusted Wholesale sales by province
20-10-0074-01 Nova Scotia seasonally adjusted Wholesale trade by NAICS sectors
20-10-0076-01 Canada seasonally adjusted Wholesale Trade Inventory
Citations
Statistics Canada. Table 20-10-0074-01 Wholesale trade, sales (x 1,000)
Statistics Canada. Table 20-10-0076-01 Wholesale Trade Inventories (x 1,000)
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