The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
March 17, 2023WHOLESALE TRADE JANUARY 2023 MONTH-OVER-MONTH (seasonally adjusted, January 2023 vs December 2022)
Nova Scotia wholesale trade increased 23.2% to $1.3 billion. Canada wholesale trade increased 5.5% to $86.8 billion. Nine provinces reported an increase with Manitoba and Nova Scotia leading the way. Prince Edward Island reported the only decline in wholesale trade in January 2023.
YEAR-OVER-YEAR (seasonally adjusted, January 2023 vs January 2022)
Nova Scotia wholesale trade increased 11.3%. Canada wholesale trade increased 8.7%. Eight provinces reported year over year increases in wholesale trade. Manitoba reported the largest gain and Prince Edward Island reported the largest decline.
The largest dollar contributions to Nova Scotia's to wholesale trade came from food and beverage wholesalers as well as building materials wholesalers. Wholesale trade in miscellaneous wholesalers contributed the least. Farm products and personal/household goods were surpressed.
The largest percentage contributions to Nova Scotia's to wholesale trade came from motor vehicle and parts. Building materials reported the smallest increase. Farm and personal/household goods were surpressed.
TRENDS
Nova Scotia's wholesale trade rebounded quite sharply from the pandemic decline, rising much more quickly than the national average in early 2021. Over the past year, Nova Scotia's wholesale trade has returned to the national trend. In the past 5 months, there has been volatility in Nova Scotia's wholesale trade with a sharp decline in June followed by a large recovery in July, a continued decline in September, recovery in October through January.
The national ratio of inventories to sales declined to 1.48 in January 2023.
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)
<--- Return to Archive
