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September 23, 2019WHOLESALE TRADE, JULY 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 July 2019, on a seasonally adjusted basis
- month-over-month Wholesale Trade decreased 2.6 per cent to $896.5 million over June 2019.
- year-over-year Wholesale Trade increased 4.0 per cent over July 2018.
- year-to-date (Jan-Jul 2019) Wholesale Trade increased 2.5 per cent over Jan-Jul 2018.
In Canada July 2019, on a seasonally adjusted basis
- month-over-month Wholesale Trade increased 1.7 per cent to $65.4 billion over June 2019.
- year-over-year Wholesale Trade increased 3.4 per cent over July 2018.
- year-to-date (Jan-Jul 2019) Wholesale Trade increased 2.7 per cent over Jan-Jul 2018.
BY PROVINCE
On a month over month basis, seasonally adjusted Wholesale Trade was up 1.7 per cent nationally. Five provinces reported monthly increases in wholesale trade, with Ontario (3.3 per cent) reporting the largest gain in percentage terms. Nova Scotia reported a decline (2.6 per cent) over the previous month. Newfoundland and Labrador reported the largest decline (3.8 per cent) over the previous month.
On a year-over-year basis, seasonally adjusted Wholesale Trade was up 3.4 per cent nationally. Eight provinces reported year-over-year increases in wholesale trade, with New Brunswick (24.6 per cent) reporting the largest gain in percentage terms. Nova Scotia reported an increase (4.0 per cent) over the previous year. Compared to July 2018 British Columbia reported the largest decline (3.1 per cent).
On a year-to-date basis, in Canada seasonally adjusted Wholesale Trade was up 2.7 per cent. Eight provinces reported year-to-date increases in wholesale trade, with Prince Edward Island (14.2 per cent) reporting the largest gain in percentage terms. Nova Scotia reported an increase (2.5 per cent) over the same period last year. Compared to Jan-Jul 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-Jul 2019), Total wholesale trade year-to-date increased 2.5 per cent ($151.0 million) over the same period last year.
The following wholesale sectors increased:
- Motor vehicle and parts with a 18% share increased 7.5 per cent ($76.8 million).
- Building material with a 19% share increased 1.2 per cent ($14.0 million).
- Machinery, equipment with a 17% share increased 10.6 per cent ($101.6 million).
- Other wholesalers with a 6% share increased 13.3 per cent ($43.7 million)
The following wholesale sectors declined:
- Food, beverage with a 33% share of Wholesale Trade decreased 1.9 per cent ($39.0 million).
- Miscellaneous wholesalers with a 7% share decreased 10.0 per cent ($46.1 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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