Released on July 20, 2011
Saskatchewan is tripling the national average in wholesale trade gains. The new Statistics Canada report shows Saskatchewan is once again leading the nation by a wide margin.
"Wholesale trade is the supply pipeline for many of the products flowing across the province," Enterprise Minister Jeremy Harrison said. "Over the past year we've seen more jobs, more investment and more opportunity come to Saskatchewan. It's no surprise that wholesalers are doing a brisk business within our borders."
Industry Canada defines the wholesale trade sector as establishments primarily engaged in wholesaling merchandise and providing related logistics, marketing and support services and notes it is often an intermediate step in merchandise distribution.
In May 2011, wholesale trade in Saskatchewan was up 26.4 per cent when compared to May 2010 (seasonally adjusted), the largest rise among the provinces. Trade increased by 7.9 per cent nationally over the same period.
On a monthly basis, trade improved by 7.3 per cent, the second highest percentage in the nation, and well ahead of the 1.9 per cent recorded for the national average.
-30-
For more information, contact:
Deb Young
Enterprise Saskatchewan
Regina
Phone: 306-787-6315
Email: deb.young@enterprisesask.ca