It might be the unseen part of the economy. Saskatchewan has a rather significant wholesale sector, one that provides some insight into how the rest of the marketplace is working. Generally speaking, wholesale activity this month usually forecasts retail spending in a month or two.
But in the case of this province, it is a bit broader because our wholesale sector overlaps with the export and manufacturing segments.
Refining fuel is a good example. It is both manufacturing and wholesale, finding its way to retail gas stations in the province and to stations outside Saskatchewan so it also shows up in export stats.
September’s results are the latest data we have and we were something of an anomaly. Sales for this sector were unchanged from August to September. We were one of only two provinces that did not post a negative number. Compared to last year, we outpaced pretty much every other province – growing about 11.5 per cent compared to a national average of less than four points.