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Wholesale trade sales down in Alberta

Wholesale trade sales down in Alberta

Posted on: 4/29/2019 | Author: ATB Financial's Economics + Research Team

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​Monthly wholesale sales in Alberta slipped by 3.4 per cent in February. According to Statistics Canada, wholesale sales were almost $250 million below (-3.6 per cent) the level set in February 2018.

Year-over-year sales were down in Alberta in four of the seven major wholesale subsectors. Sales decreased in the building material and supplies sector (-18.6 per cent), farm products sector (-13.7 per cent), personal and household goods sector (-7.9 per cent), and the machinery, equipment and supplies sector (-2.0 per cent).

Growth occurred in the motor vehicle and motor vehicle parts and accessories sector (+3.4 per cent), the food and beverage sector (+3.3 per cent), and the miscellaneous sector (+0.8 per cent).

Nationally, monthly wholesale sales were essentially flat in February, growing by just 0.3 per cent, but were up by 2.4 per cent on a year-over-year basis.

Wholesalers form a critical link in the supply chain by distributing goods to other businesses such as retailers and construction companies. As such, the pullback in wholesale trade is in keeping with softer consumer demand and reduced activity in the construction sector. 

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