6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Canadian wholesale sales rose 0.9 percent to a record high C$61.6 billion (US$49.2 billion) in May. Sales were up in six of the seven subsectors, representing 80 percent of total wholesale sales. The miscellaneous subsector and the motor vehicle and parts subsector contributed the most to the advance.
In volume terms, wholesale sales increased 0.8 percent from April to May.
The miscellaneous subsector reported the largest gain in dollar terms, up 2.6 percent to C$8 billion (US$6.4 billion) in May following a 2.2 percent decline in April. Sales were up in four of the five industries, led by the agricultural supplies industry (+7.5 percent) following a 1.2 percent decline in April. The chemical (except agricultural) and allied product industry increased for the sixth time in seven months, up 8.4 percent in May.
Sales in the motor vehicle and parts subsector rose 1.4 percent to C$11.6 billion (US$9.3 billion) following three consecutive monthly declines. The motor vehicle industry posted the lone increase (+1.9 percent) among the three industries.
In the food, beverage and tobacco subsector, sales rose 1 percent in May and surpassed the C$12 billion (US$9.6 billion) mark for the first time. Higher sales in the food industry (+1.3 percent) contributed the most to the gain.
The personal and household goods subsector increased 0.6 percent to C$8.5 billion (US$6.8 billion), a sixth consecutive monthly gain. While sales were down in four of the six industries, the pharmaceuticals and pharmacy supplies industry more than offset these declines, rising 1.8 percent to C$4.3 billion (US$3.4 billion).
The machinery, equipment and supplies posted the lone decline in May, edging down 0.3 percent to C$12.2 billion (US$9.8 billion). The farm, lawn and garden machinery and equipment industry reported the largest decline in dollar terms, down 4.3 percent following a 22.2 percent gain in April.
Wholesale sales were up in eight provinces in May, accounting for 78 percent of total wholesale sales. In dollar terms, Alberta and Newfoundland and Labrador led the gain.
Alberta recorded its seventh increase in eight months, with sales rising 4.5 percent to C$6.8 billion (US$5.4 billion)—the highest level since April 2015. This was the largest monthly dollar gain in Alberta since July 2013. Sales were up in five subsectors, led by the machinery, equipment and supplies subsector.
Sales in Newfoundland and Labrador rose for the third time in four months, up 35.5 percent to C$422 million (US$337.1 million) in May, partially offsetting the 36.1 percent decline in April. While gains were widespread across subsectors, the miscellaneous subsector and the food, beverage and tobacco subsector were the largest contributors to the increase.
In British Columbia, sales grew 1.1 percent to a record high C$6.3 billion (US$5 billion), primarily on higher sales in the motor vehicle and parts subsector and the miscellaneous subsector.
Nova Scotia posted a third consecutive increase, with sales up 6.7 percent to a record high C$900 million (US$719 million). Gains were recorded in five subsectors, led by the food, beverage and tobacco subsector.
Sales in New Brunswick rose 6.2 percent to C$565 million (US$451.4 million), led by higher sales in the personal and household goods subsector.
Ontario recorded a sixth consecutive increase, edging up 0.1 percent to C$31.5 billion (US$25.2 billion). Gains in four subsectors, led by the motor vehicle and parts subsector, offset declines in the other subsectors, led by the machinery, equipment and supplies subsector.
Sales in Manitoba increased 1.2 percent to a record high C$1.7 billion (US$1.4 billion), led by the miscellaneous subsector. Sales in Prince Edward Island rose 16.5 percent to a record high C$91 million (US$72.7 million), primarily on higher sales in the food, beverage and tobacco subsector. This was the third consecutive increase for both provinces.
In Saskatchewan, sales decreased for the first time in three months, down 1.2 percent to C$2.3 billion (US$1.8 billion) in May, led by the machinery, equipment and supplies subsector.
Sales in Quebec edged down 0.2 percent to C$11 billion (US$8.8 billion), with declines in four subsectors. This was Quebec's first decrease in three months.
Wholesale inventories increased 0.6 percent to C$79 billion (US$63.1 billion) in May, the ninth increase in ten months. Inventories were up in six of the seven subsectors, representing 73 percent of total wholesale inventories.
The building material and supplies subsector (+3.3 percent) posted the largest month-over-month increase in May. This subsector has also reported the largest year-to-date increase of all subsectors.
Inventories in the motor vehicle and parts subsector (+1.9 percent) increased for the fourth consecutive month, reaching its highest value on record.
The miscellaneous subsector (+1.5 percent) recorded its eighth consecutive increase. This subsector posted declines in ten consecutive months prior to the current upswing.
Inventories in the personal and household goods subsector (+0.3 percent) rose for the fifth time in six months.
The food, beverage and tobacco subsector (+0.3 percent) posted an increase for the third consecutive month.
Inventories in the machinery, equipment and supplies subsector (-1.7 percent) had the lone decrease in May.
The inventory-to-sales ratio declined from 1.29 in April to 1.28 in May. This ratio is a measure of the time in months required to exhaust inventories if sales were to remain at their current level.