One of the stronger performers in the Saskatchewan economy has been the wholesale sector. It is a broad indicator – including areas such as manufacturing and processing – which are often a bellwether or indicator of where things are headed.
To put it another way, wholesale is a forerunner to retail. It gives something of a forecast for consumer activity, but it also leads to exports. Of course, those are a driving force in our economy.
The latest tally comes from November and Saskatchewan was Canada’s star performer. Most provinces were flat or down. We, on the other hand, saw a gain of 10 per cent for the year and almost five points for the month. Those were the best numbers in the nation and quite a contrast to the decline posted on a country-wide basis in November.
Inventories are also rising nationally with automotive seeing the biggest buildup. That can mean sales are down so product is building in warehouses. However, one of the biggest declines was in farm machinery, a sign that dealers may be making orders.