Second Highest Wholesale Trade Increase in Canada
Wholesale trade in Saskatchewan jumped 11.4 per cent in September 2018 (seasonally adjusted) when compared to September 2017, the second highest percentage increase among the provinces.
“This is very good news for Saskatchewan wholesalers,” Trade and Export Development Minister Jeremy Harrison said. “This leading indicator signals that businesses are looking for products for future sales to consumers, showing confidence in our economy.”
The value of wholesale trade totalled $2.3 billion in September 2018, up from $2.1 billion in September 2017.
Nationally, wholesale trade was up 3.8 per cent year-over-year (seasonally adjusted).
On a monthly basis, wholesale trade value remained steady in Saskatchewan between August 2018 and September 2018 while the national average dropped by 0.5 per cent (seasonally adjusted).
Major gains for year-over-year figures were reported for machinery, equipment and supplies, up 12.4 per cent and miscellaneous merchandise, up 11.7 per cent (seasonally adjusted).