Alberta wholesalers posted strong numbers in March
Seasonally adjusted wholesale sector revenue in Alberta grew by a solid 6.0 per cent in March
By ATB Economics 18 May 2021 less than a minute
After pulling back by 2.7 per cent in February, seasonally adjusted wholesale sector revenue in Alberta grew by a solid 6.0 per cent in March. Adjusting for inflation, this is the best March on record since 2015.
Sales increased for the fifth month in a row on a year-over-year basis. This is a welcome improvement over the eight straight year-over-year declines that began in March 2020.
Month-over-month sales were up across all seven major sub-sectors, but were particularly strong for machinery, equipment and supplies ($162.5 million or 8.6 per cent) and for building materials and supplies ($102.7 million or 9.1 per cent).
Nationally, sales were up by 2.8 per cent in March versus February and by 12.8 per cent compared to 12 months earlier.
Answer to the previous trivia question: According to autotrader.ca, the best-selling new vehicle in Canada in 2019 was the Ford F-Series of trucks.
Today’s trivia question: What is the largest wholesale company in North America?