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- Canadian wholesale sales declined for the second time in three months, down 0.8% to $63.1 billion in June
Canadian wholesale sales declined for the second time in three months, down 0.8% to $63.1 billion in June
Sales were down in five of seven subsectors, accounting for 71% of total wholesale sales. The motor vehicle and parts and the miscellaneous subsectors contributed the most to the decline.
In volume terms, wholesale sales decreased 1.1%.
On a quarterly basis, wholesale sales increased 1.0% in current dollars and 0.7% in constant dollars in the second quarter. This marked the ninth consecutive quarterly increase in both current and constant dollars.
The motor vehicle and parts subsector reported the largest decline in dollar terms, down 1.9% to $10.9 billion in June, mainly due to lower sales in the motor vehicle industry (-2.4%). This marked the third consecutive decline for the motor vehicle and parts subsector.
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