Wholesale Services Price Index, second quarter 2012
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The Wholesale Services Price Index (WSPI) rose 0.4% in the second quarter.
Increases were observed in five of the eight wholesale sectors. Wholesalers of farm products (+5.4%) posted the largest margin increase, which was mainly the result of margin advances by wholesalers of oilseed and grain.
Margins also advanced for wholesalers of motor vehicles and parts (+1.5%), food, beverage and tobacco products (+0.9%), personal and household goods (+0.7%) and petroleum products (+0.7%).
Wholesalers of machinery, equipment and supplies (-0.8%) reported the largest margin decline in the second quarter. Lower margins were also registered by miscellaneous wholesalers (-0.6%) and wholesalers of building material and supplies (-0.1%).
Year over year, the WSPI increased 1.1% in the second quarter, registering margin increases in six of the eight wholesale sectors. The largest contributor to the year-over-year margin increase was wholesalers of farm products (+23.0%). The advance in the farm products margin coincided with a price increase reported for canola during the same period. Miscellaneous wholesalers (+2.9%), wholesalers of food, beverage and tobacco products (+2.7%) and wholesalers of machinery, equipment and supplies (+2.2%) posted year-over-year margin increases in the second quarter.
Margins for wholesalers of petroleum products (-9.8%) fell year over year. Declining petroleum margins could be a result of falling natural gas and crude oil prices. Wholesalers of building material and supplies (-2.3%) also reported decreasing margins in the second quarter. Year over year, margins for the building material and supplies sector have been declining since fourth quarter 2010.
Services Producer Price Index: Wholesale services
Note to readers
With each release, data for the previous quarter may have been revised. The series are also subject to an annual revision with the release of second quarter data of the following reference year. The indexes are not seasonally adjusted.
The Wholesale Services Price Index (WSPI) is part of the Services Producer Price Index program at Statistics Canada. The WSPI is not a wholesale selling price index. The index represents the change in the price of the wholesale service. The price of the wholesale service is defined as the margin price, which is the difference between the average purchase price and the average selling price of the wholesale product being priced.
Beginning with the release of data for first quarter 2012, an additional CANSIM table is available that presents the WSPI as a quarterly index. The table that presents monthly data will continue to be updated with each release.
Definitions, data sources and methods: survey number survey number5106.
The Wholesale Services Prices Index for the third quarter will be released in late January 2013.
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; firstname.lastname@example.org) or Media Relations (613-951-4636; email@example.com).
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