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November 21, 2018WHOLESALE TRADE, SEPTEMBER 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 September 2018, on a seasonally adjusted basis
- month-over-month Wholesale Trade decreased 1.6 per cent to $835.9 million over August 2018.
- year-over-year Wholesale Trade increased 6.5 per cent over September 2017.
- year-to-date (Jan-Sep 2018) Wholesale Trade increased 4.5 per cent over Jan-Sep 2017.
In Canada September 2018, on a seasonally adjusted basis
- month-over-month Wholesale Trade decreased 0.5 per cent to $63.2 billion over August 2018.
- year-over-year Wholesale Trade increased 3.8 per cent over September 2017.
- year-to-date (Jan-Sep 2018) Wholesale Trade increased 4.4 per cent over Jan-Sep 2017.
By Province
On a month over month basis, seasonally adjusted Wholesale Trade was down 0.5 per cent nationally. One province reported a relatively small gain; and one province reported a monthly increase in wholesale trade. Manitoba (5.0 %) reporting the largest gain in percentage terms. Nova Scotia reported a decline (-1.6 %) over the previous month. Prince Edward Island reported the largest decline (-4.1 %) over the previous month.
On a year-over-year basis, seasonally adjusted Wholesale Trade was up 3.8 per cent nationally. Nine provinces reported year-over-year increases in wholesale trade, with Prince Edward Island (16.6 %) reporting the largest gain in percentage terms. Nova Scotia reported an increase (6.5 %) over the previous year. Compared to September 2017 Newfoundland and Labrador reported the only decline (-0.8 %).
On a year-to-date basis, in Canada seasonally adjusted Wholesale Trade was up 4.4 per cent. Nine provinces reported year-to-date increases in wholesale trade, with Prince Edward Island (22.2 %) reporting the largest gain in percentage terms. Nova Scotia reported an increase (4.5 %) over the same period last year. Compared to Jan-Sep 2017, Newfoundland and Labrador reported the only 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-Sep 2018), Total wholesale trade year-to-date increased 4.5% ($336.1 million) over the same period last year.
- Food, beverage with a 34% share of Wholesale Trade increased 0.8% ($19.9 million).
- Motor vehicle and parts with a 16% share decreased 2.5% (-$32.8 million).
- Building material with a 20% share increased 3.8% ($56.0 million).
- Machinery, equipment with a 16% share increased 5.1% ($60.1 million).
- Miscellaneous wholesalers with a 7% share increased 17.5% ($84.6 million).
STATISTICS CANADA QUOTE
"Sales in Nova Scotia decreased for the fourth consecutive month, down 1.6% to $836 million in September, led by the motor vehicle and parts subsector."
REFERENCES
Statistics Canada: CANSIM Table: 20-10-0074-01 (formerly CANSIM 081-0011)
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