Wholesale revenue in Alberta at record high
Sales grew across most sub-categories, with machinery, equipment and supplies driving over half the aggregate increase
By Siddhartha Bhattacharya, ATB Economics 23 March 2022 1 min read
Alberta’s wholesale activity stood at a new peak to start the year. Seasonally-adjusted revenue came in at $8.4 billion in January, up $623 million (+8%) from December 2021.
Sales grew across most sub-categories, with machinery, equipment and supplies driving over half the aggregate increase. Building material and supplies also rebounded sharply and overshadowed a decline in farm product revenue.
On an unadjusted basis, revenue in January was $1.3 billion (+22%) above the depressed level witnessed in January 2021. Part of the gain is attributable to elevated wholesale prices, which stood 10% higher nationally relative to last January.
It was a similar story for Canada as the value of wholesale trade rose $3.2 billion (+4%) to $79.8 billion, driven by a $1.7 billion (+14%) surge in building material and supplies revenue.
Led by Ontario, Quebec and Alberta, wholesale revenue increased in 9 provinces.
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