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- Canada’s wholesale sales rise 0.9 percent in September
Canada’s wholesale sales rise 0.9 percent in September
Statistics
Canada reported on Tuesday the wholesale sales rose 0.9 percent m-o-m to CAD66.23
million in September, following an unrevised 0.3 percent m-o-m advance in August.
Economists had
forecast a 0.4 percent m-o-m gain for September.
According to
the report, sales increased in four of seven subsectors, led by higher sales in
food, beverage and tobacco (+3.6 percent m-o-m) and the personal and household
goods (+3.4 percent m-o-m) subsectors.
Excluding motor
vehicle and motor vehicle parts and accessories subsector, wholesale sales also
rose 0.9 percent m-o-m.
In y-o-y terms,
wholesale sales increased 3.0 percent in September.
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