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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

August 22, 2019
WHOLESALE TRADE, JUNE 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 June 2019, on a seasonally adjusted basis

  • month-over-month Wholesale Trade increased 4.0 per cent to $920.2 million over May 2019.
  • year-over-year Wholesale Trade increased 6.2 per cent over June 2018.
  • year-to-date (Jan-Jun 2019) Wholesale Trade increased 2.3 per cent over Jan-Jun 2018.

In Canada June 2019, on a seasonally adjusted basis

  • month-over-month Wholesale Trade increased 0.6 per cent to $64.1 billion over May 2019.
  • year-over-year Wholesale Trade increased 2.3 per cent over June 2018.
  • year-to-date (Jan-Jun 2019) Wholesale Trade increased 2.5 per cent over Jan-Jun 2018.

BY PROVINCE

On a month over month basis, seasonally adjusted Wholesale Trade was up 0.6 per cent nationally. All provinces reported monthly increases in wholesale trade, with New Brunswick (8.6 per cent) reporting the largest gain in percentage terms. Nova Scotia reported an increase (4.0 per cent) over the previous month. Quebec and Ontario reported the smallest gain (0.1 per cent) over the previous month.

On a year-over-year basis, seasonally adjusted Wholesale Trade was up 2.3 per cent nationally. Nine provinces reported year-over-year increases in wholesale trade, with Prince Edward Island (22.8 per cent) reporting the largest gain in percentage terms. Nova Scotia   reported an increase (6.2 per cent) over the previous year. Compared to June 2018 British Columbia reported the only decline (3.6 per cent).

On a year-to-date basis, in Canada seasonally adjusted Wholesale Trade was up 2.5 per cent. Nine provinces reported year-to-date increases in wholesale trade, with Prince Edward Island (15.6 per cent) reporting the largest gain in percentage terms. Nova Scotia reported an increase (2.3 per cent) over the same period last year. Compared to Jan-Jun 2018, British Columbia reported the only decline (2.1 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-Jun 2019), Total wholesale trade year-to-date increased 2.3 per cent ($118.4 million) over the same period last year.

The following wholesale sectors increased:

  • Motor vehicle and parts with a 18% share increased 6.9 per cent ($60.5 million).
  • Building material with a 19% share increased 1.1 per cent ($11.2 million).
  • Machinery, equipment with a 17% share increased 10.5 per cent ($87.0 million).
  • Other wholesalers with a 6% share increased 14.2 per cent ($39.1 million)

The following wholesale sectors declined:

  • Food, beverage with a 33% share of Wholesale Trade decreased 2.7 per cent ($47.4 million).
  • Miscellaneous wholesalers with a 7% share decreased 8.3 per cent ($32.0 million).

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

 

Citations

Statistics Canada. Table 20-10-0074-01 Wholesale trade, sales (x 1,000) 



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