Navigate Up
Sign In

Wholesale activity catches its breath in June

Posted on: 8/21/2017 | Author: ATB Financial's Economics + Research Team

After showing momentum over the last number of months, wholesale activity in the province finally caught its breath in June. Sales fell for the first time in nine months, falling 3.7 per cent to $6.5 billion.

Sales declined in all but one subsector. The machinery, equipment and supplies subsector contributed the most to the decline as sales decreased 8.0 per cent to $2.0 billion in June. June’s loss offset most of the gains made in this subsector in May.

Other significant losses occurred in farm products (-7.1 per cent), personal and household goods (-6.0 per cent) and motor vehicle and parts merchants. The building material and supplies subsector was the only sector to register sales advances in June (+0.33 per cent).

Since wholesalers sell products to governments, institutions and other businesses, tracking wholesale trade is a good indicator for future retail conditions and of the economy in general. Although June’s total shows that wholesale activity paused, total activity as a whole is up nearly eight per cent from where it was last year and confirms that Alberta’s economy is indeed on track to recovery.

Alberta wholesale trade, graph

Share this article:

GlassdooreSSENTIAL Accessibility™Diversity and InclusionATB Listens

About ATB | Contact Us | Find a Branch or ABM | Current Rates | Privacy and Security | Legal | Code of Conduct | Site Map | Vendor Resources

2017 ATB Financial. All rights reserved. ®ATB Financial is a trade name/registered trademark of Alberta Treasury Branches.

ATB Financial