Wholesale Trade Increase Second Highest in Canada
Saskatchewan’s wholesale trade in December 2018 reflected a 16.3 per cent increase from December 2017—the second highest increase among Canada’s provinces and the highest in Western Canada.
The increase was also higher than the national average of 1.7 per cent. On a month-over-month basis, wholesale trade rose 4.0 per cent from November 2018, higher than the national average of 0.3 per cent and the second highest among the provinces. The number also places Saskatchewan as the highest in Western Canada.
“Saskatchewan continues to show solid growth with solid wholesale trade numbers,” Trade and Export Development Minister Jeremy Harrison said. “These increases on a year-over-year and month-over-month basis reflect strong market confidence and demand for Saskatchewan products—a positive indicator for the province’s economy.”
Wholesale trade totaled $2.5 billion in December 2018, up from $2.2 billion in December 2017.
Major year-over-year increases were recorded in motor vehicle and parts, up by 6.3 per cent and miscellaneous wholesale merchandise up by 53.9 per cent.
All numbers are from Statistics Canada and are seasonally adjusted.