Strong Manufacturing and Wholesale Trade Sales in November
According to reports released by Statistics Canada today, Saskatchewan had strong manufacturing and wholesale trade sales in November 2018, both year-over-year and month-to-month.
Saskatchewan’s manufacturing sector sales were up 10.7 per cent (seasonally adjusted) from last November, the highest percentage rise among the provinces and well ahead of the 2.7 per cent posted nationally. Compared to October, manufacturing sales were up 3.3 per cent, the second best increase when compared with other provinces, and above the 1.4 per cent decline for the national rate.
Manufacturing sales totalled $1.5 billion in November 2018.
Wholesale trade growth also ranked the highest in Canada in November, rising 4.5 per cent (seasonally adjusted) from the previous month, ahead of the -1.0 per cent decline recorded nationally. Year-over-year wholesale trade increased by 10.3 per cent, the second highest percentage increase among the provinces.
Wholesale trade totalled $2.4 billion in November 2018.
“Nation leading growth in manufacturing sales and wholesale trade are indicators that Saskatchewan’s economy is remaining resilient in the face of headwinds,” Trade and Export Development Minister Jeremy Harrison said. “Coupled with recent strong job numbers, we are optimistic that in 2019 our economy will continue to grow and create opportunity for Saskatchewan people.”