Market news
17.11.2020, 14:56

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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