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November 15, 2021WHOLESALE TRADE, SEPTEMBER 2021 With September reference month results, year-over-year (Sep 2021 vs Sep 2020) and year-to-date (Jan-Sep 2021 vs Jan-Sep 2020) show rebounds in economic activity from the unprecedented declines observed in the first wave of the COVID-19 pandemic.
MONTH-OVER-MONTH (seasonally adjusted, Sep 2021 vs Aug 2021)
In percentage terms, Nova Scotia wholesale trade increased 7.1% to $1,104.7 million, and Canada wholesale trade increased 1.0% to $71.3 billion.
Seven provinces reported monthly increases in wholesale trade, with Saskatchewan (+9.7%) reporting the largest gain and British Columbia (-2.3%) reporting the largest decline.
YEAR-OVER-YEAR (seasonally adjusted, Sep 2021 vs Sep 2020)
In percentage terms, Nova Scotia wholesale trade increased 20.7% and Canada wholesale trade increased 7.7%.
YEAR-TO-DATE (seasonally adjusted, Jan-Sep 2021 vs Jan-Sep 2020)
Nova Scotia wholesale trade increased 28.3% to $10.0 billion, and Canada wholesale trade increased 15.3% to $637.4 billion.
All provinces reported year to date increases in wholesale trade, with Prince Edward Island (+38.2%) reporting the largest gain and Manitoba (+6.6%) reported the smallest gain.
NOVA SCOTIA SECTORS (seasonally adjusted, Jan-Sep 2021 vs Jan-Sep 2020)
Nova Scotia total wholesale trade increased 28.3% ($2,200.9 million). All categories were up, with the largest contributions to overall gain coming from food/beverage, building materials, and motor vehicles and parts.
TRENDS
Nova Scotia's wholesale trade rebounded sharply from the pandemic decline, rising much more quickly than the national average in early 2021. From May 2021 to August 2021, Nova Scotia wholesale merchant sales had declined, but remained above the national trend. In September 2021, Nova Scotia's wholesale trade increased.
INVENTORIES (Canada Sep 2021 vs Aug 2021)
National inventories increased 1.4% to $98.6 billion.
Source: Statistics Canada. Table 20-10-0074-01 Wholesale trade, sales (x 1,000)
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