Canadian Electrical Wholesaler

April 4 2016

Real gross domestic product rose 0.6% in January, a fourth consecutive monthly increase. Manufacturing, retail trade, and mining, quarrying, and oil and gas extraction were major contributors to growth in January.

The output of goods-producing industries grew 1.2% in January, mainly as a result of increases in manufacturing and mining, quarrying, and oil and gas extraction. Utilities, construction, and the agriculture and forestry sector also rose.

The output of service-producing industries rose 0.4%, a fourth consecutive monthly gain. Notable increases were posted in retail trade, the finance and insurance sector, the public sector (education, health and public administration combined) as well as transportation and warehousing services. In contrast, wholesale trade and the arts, entertainment and recreation sector declined.

Chart 1: Real gross domestic product rises in January

 

 

 

 

 

 

 

 

 

 

 

Manufacturing output expands again

Following a 1.1% gain in December, manufacturing output expanded 1.9% in January.

Chart 2: Manufacturing output expands again in January

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Durable-goods manufacturing rose 2.6% in January, after expanding 1.2% in December and 0.9% in November. Gains were notable in the manufacturing of motor vehicles and parts, fabricated metal products, and non-metallic mineral products in January. In contrast, machinery manufacturing decreased.

After rising 1.0% in December, non-durable goods manufacturing grew 1.1% in January, mainly as a result of gains in food manufacturing. Conversely, the manufacturing of beverage and tobacco products as well as chemicals declined.

Mining, quarrying, and oil and gas extraction rises

Mining, quarrying, and oil and gas extraction rose 0.9% in January, after decreasing 0.1% in December.

Oil and gas extraction grew (+1.4%) for the fourth consecutive month in January, mainly as a result of an increase in non-conventional oil extraction. The conventional oil and gas extraction industry also increased in January.

Following a 6.8% decrease in December, support activities for mining and oil and gas extraction grew 2.3% in January, partly because of an increase in drilling services.

In contrast, mining and quarrying (excluding oil and gas extraction) decreased 1.1% in January after rising 2.1% in December, mainly as a result of a decline in copper, nickel, lead and zinc mining.

Retail trade expands while wholesale trade declines

After contracting 1.7% in December, retail trade expanded 1.5% in January. Increases were notable at motor vehicle and parts dealers, general merchandise stores (which include department stores), and health and personal care stores. In contrast, sales at food and beverage stores declined.

Wholesale trade declined 0.2% in January, after rising for two consecutive months. Wholesalers of building material and supplies, farm products, and miscellaneous products (which include agricultural supplies) recorded a decrease. The wholesaling of machinery, equipment and supplies as well as personal and household goods rose.

Utilities up

Utilities were up 2.7% in January. Electricity generation, transmission and distribution increased 3.0% in January, following a 2.7% decline in December. Natural gas distribution rose 3.0% in January after falling 3.5% in December.

The increases in utilities in January were partly attributable to a return to more seasonal weather during the month. In December, unseasonably warm weather in many parts of the country had resulted in lower demand for electricity and natural gas.

Finance and insurance sector increases

The finance and insurance sector increased 0.6% in January. Insurance services, financial investment services and banking services all advanced.

Construction grows

Construction grew 0.5% in January. Engineering construction, residential building construction and repair construction increased. In contrast, non-residential building construction declined.

After rising for three consecutive months, the output of real estate agents and brokers edged down 0.1% in January.

The public sector increases

The public sector (education, health and public administration combined) increased 0.2% in January. Educational and health care services rose, while public administration was unchanged.

Other industries

Transportation and warehousing services rose 1.4% in January, mainly as result of gains in rail and pipeline transportation.

The arts, entertainment and recreation sector decreased 1.2% in January.

Accommodation and food services increased 0.2% in January.

Source: Statistics Canada

 

 

 

David GordonBy David Gordon

We’ve gone from looking at the coronavirus from afar to being in the middle of the coronavirus storm. It’s obviously changed the business and outlook for the year. While tragic, and disruptive, the phrase “this to shall pass” should be kept in mind.

Some thoughts regarding doing business in the coronavirus era:

1. Take care of your people.  If they are concerned about family, they are less focused on business. 

 

Read More

Wholesale Sales - JanuaryWholesale sales increased for a second consecutive month, up 1.8% to $65.2 billion in January. While all subsectors reported higher sales, gains were concentrated in the motor vehicle and motor vehicle parts and accessories and the miscellaneous subsectors.

In volume terms, sales grew 1.7%.

Motor vehicle and agricultural supplies industries drive higher sales in January 

Sales in the motor vehicle and motor vehicle parts subsector grew 3.0% to $11.3 billion in January. 

Read More

 

Dawn WerryBy Dawn Werry


It’s no surprise that the coronavirus is impacting manufacturing, with production site shutdowns and travel and meeting restrictions. In fact, last month, IHS Markit estimated that manufacturing was the third most impacted industry, behind wholesale and services.

This has hit manufacturers in various ways. Some companies, even those whose primary products or components are manufactured in the hardest hit regions, have seen little or no impact on their ability to meet customer demand. 

Read More

 

 

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In order to better serve our customers, LEDVANCE continuously looks at maximizing our business processes. As part of that effort, we have recently reviewed our supply chain in order to find synergies that will better service our customers.  Working with industry leading experts and distribution network is in the best interest of our customers, and our ability to maintain or improve our service levels.

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SouthwireOn March 23, 1950 Southwire was founded by Roy Richards Sr. Our organization, which would revolutionize the industry, started making wire and cable with just 12 employees and three machines.

Today, we celebrate 70 years of successful business, quality and service. From our humble beginnings, we have grown from 12 to approximately 7,500 employees and a footprint that has maintained its roots but grown into an internationally recognized organization with employees located in more than 40 cities in the United States and seven countries around the world.

 

 

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Omid NadiOmid Nadi, Trade Marketing Manager with Ledvance, is a Ryerson University grad coming out of their Marketing management program.

“During my education I had a big interest in innovation, disruption, and data analytics,” he noted, which has influenced his career direction.

While he was in school, he spent four years in appliance sales, “that really gave me a foundation and an understanding of sales and communication.”

Read More

 

 

 

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