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March 16, 2022WHOLESALE TRADE, JANUARY 2022 MONTH-OVER-MONTH (seasonally adjusted, Jan 2022 vs. Dec 2021)
Nova Scotia wholesale trade increased 1.0% to $1,165.6 million, and Canada wholesale trade increased 4.2% to $79.8 billion. Nine provinces reported monthly increases in wholesale trade, with New Brunswick reporting the largest gain, and Manitoba reporting the only decline.
YEAR-OVER-YEAR (seasonally adjusted, Jan 2022 vs. Jan 2021)
Nova Scotia wholesale trade increased 11.2%, and Canada wholesale trade increased 14.6%.
NOVA SCOTIA SECTORS (seasonally adjusted, Jan 2022 vs. Jan 2021)
Nova Scotia total wholesale trade increased 11.2% ($117.3 million). Five categories were up, with the largest contribution to overall gain ($80.2 million) coming from food and beverage. Motor vehicle sector was down 7.9% ($14.0 million).
TRENDS ( January 2015 to January 2022)
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 declined. In December 2021, Nova Scotia's wholesale trade returned to positive growth, and remained above the national trend.
INVENTORIES (Canada Jan 2022 vs. Dec 2021)
National inventories declined 0.8% to $105.9 billion.
Source: Statistics Canada. Table 20-10-0074-01 Wholesale trade, sales (x 1,000)
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