April 24, 2017

Wholesale Trade Growth Rate Leads Canada

Wholesale trade in February 2017 jumped 18.3 per cent (seasonally adjusted) over last year – the highest percentage increase among the provinces and almost three times the 6.6 per cent recorded nationally for the same period.

“February’s wholesale trade growth speaks to the strength and resilience of Saskatchewan’s economy,” Economy Minister Jeremy Harrison said.  “Wholesale trade statistics are known as a leading indicator and definitely show reason for optimism as we move forward.”

On a monthly basis, wholesale trade increased by 3.1 per cent between January and February 2017, the highest rise among the provinces and well ahead of the 0.2 per cent decline posted nationally.

Wholesale trade totalled $2.2 billion in February.