Study: COVID-19 impact analysis and 2020 outlook: Wholesale Services Price Index
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Released: 2020-06-18
The COVID-19 pandemic has significantly impacted and continues to impact many Canadian industries. To provide data users with some insight regarding price movements in selected industries, Statistics Canada is conducting a series of COVID-19 impact analyses.
Each impact analysis focuses on the response of a specific industry during past economic recessions and provides the outlook of the price index trend for the year 2020. As part of the analysis, Statistics Canada is releasing projected estimates for a series of price indexes. These projected estimates will be revised when each price index is officially released in the future.
Our first release in this new series is on the wholesale trade industry: "COVID-19 Impact Analysis and 2020 Outlook: Wholesale Services Price Index."
Next planned releases will cover the outlook of price trends in two transportation service industries: the for-hire trucking industry and the couriers and messengers industry.
Note to readers
As part of the study, Statistics Canada is releasing projected estimates for a series of price indexes for 2020. Because projected estimates are calculated using proxy data combined with historical industry behavioural analysis, these values should be used with caution.
On June 23, Statistics Canada will host a webinar on COVID-19's Impact on the Wholesale Industry: Sales and Prices.
This webinar will provide a comprehensive overview of the measure of the impact of COVID-19 on the activities of wholesalers in Canada. Background information to better understand the value of wholesale trade in Canada will precede this overview.
This webinar will also provide an overview of the price response of wholesalers during past economic recessions, as indicated by the Wholesale Services Price Index (WSPI), and the current outlook for 2020, amid the COVID-19 pandemic.
Today, in The Daily, Statistics Canada is releasing data from its Monthly Wholesale Trade Survey for the April 2020 reference month. April marks the first full month of widespread lockdown. Results from the survey show the impact of COVID-19. It also includes information coming from additional questions asked of respondents about the impact of the pandemic on their activities.
Products
The article "COVID-19 Impact Analysis and 2020 Outlook: Wholesale Services Price Index," released as part of the publication StatCan COVID-19: Data to Insights for a Better Canada (45280001), is now available.
Contact information
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).
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