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Alberta's wholesale activity picks up the pace

Alberta's wholesale activity picks up the pace

Posted on: 11/21/2017 | Author: ATB Financial's Economics + Research Team

The strength of Alberta’s wholesale sector continues to be supported by the province’s retail industries. The sale of products to governments, institutions and other businesses rose 0.6 percent to $6.7 billion in September.

Alberta was one of two provinces to record an increase in wholesale sales from August to September. Alberta's growth was driven by sales increases in machinery, equipment and supplies (+2.7 per cent) and farm products (+42.7 per cent). From last year, sales from these two categories are up 16.1 per cent and a whopping 147.3 per cent year-over-year. This increase is indicative of the province’s energy sector recovery and the success of agriculture in the province over the past year.

Not all categories saw growth over the month, however. Sales of food, beverage and tobacco (-5.0 per cent), personal and household goods (-4.3 per cent) and miscellaneous goods (-2.7 per cent) were all lower than in August.

Sales in almost every wholesale subsector are up from where they were last year and are up significantly. Total sales have risen nearly 14.3 per cent from last September. Because wholesale trade is a good gauge for future retail conditions and of the economy in general, the latest wholesale numbers confirm that Albertans and Alberta-based businesses have faith in the recovery of our province’s economy.

Wholesale trade, graph

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