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March 12, 2021WHOLESALE TRADE, JANUARY 2021 MONTH-OVER-MONTH (seasonally adjusted, Jan 2021 vs Dec 2020)
In percentage terms:
Nova Scotia wholesale Trade decreased 0.2% to $998.9 million.
Canada wholesale Trade increased 4.0% to $69.2 billion.
Seven provinces reported monthly increases in wholesale trade, with New Brunswick (13.9%) reporting the largest gain and Manitoba(1.5%) reported the largest decline.
YEAR-OVER-YEAR(seasonally adjusted, Jan 2021 vs Jan 2020)
Nova Scotia wholesale trade increased 4.4% to $1.0 billion.
Canada wholesale trade increased 8.1% to $69.2 billion.
All provinces reported year-over-year increases in wholesale trade, with British Columbia (19.4%) reporting the largest gain and Nova Scotia (4.4%) reported the smallest gain.
NOVA SCOTIA SECTORS (seasonally adjusted, Jan 2021 vs Jan 2020)
Nova Scotia total wholesale trade increased 4.4% ($42.2 million).
- Food, beverage decreased 12.4% (-$43.9 million).
- Motor vehicle and parts decreased 2.9% (-$5.0 million).
- Building material increased 27.0% ($45.8 million).
- Machinery, equipment increased 17.1% ($25.1 million).
- Miscellaneous wholesalers increased 29.6% ($19.4 million).
- Other wholesalers increased 1.8% ($0.8 million).
TRENDS ( January 2013 to January 2021)
Wholesale trade in January was higher than the February pre-pandemic benchmark for all provinces. except one.
COVID-19 PERIOD (February 2020 to January 2021)
Since the pre-pandemic period in February 2020, Nova Scotia wholesale trade increased 15.4%. In Canada wholesale trade increased 7.2%.
All provinces posted increases in wholesale trade over the period, with Ontario (4.6%) posting the smallest gain, and Prince Edward Island the greates gain (30.9%)
INVENTORIES (Jan 2021 vs Dec 2020)
In Canada, wholesale inventories increased 0.7% to $90.9 billion.
Source: Statistics Canada. Table 20-10-0074-01 Wholesale trade, sales (x 1,000); Table 20-10-0076-01 Wholesale trade, inventories (x 1,000)
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