Notizie economiche
13.09.2024

Canada’s wholesale sales unexpectedly rise in July

Statistics Canada reported on Friday that wholesale sales (excluding petroleum and oilseed and grain) rose 0.4 per cent m-o-m to CAD82.73 billion in July, following an unrevised 0.6 per cent m-o-m drop in June. That marked the first monthly increase in wholesale sales in three months.

Economists had predicted a 1.1 per cent m-o-m decline for July.

According to the report, sales went up in four of the seven subsectors, including farm product, excluding oilseed and grain (+6.1 per cent m-o-m)., miscellaneous (+3.0 per cent m-o-m), food, beverage and tobacco (+1.7 per cent m-o-m), and motor vehicle and motor vehicle parts and accessories (+1.3 per cent m-o-m). Meanwhile, personal and household goods (-2.5 per cent m-o-m), building materials and supplies (-0.7 per cent m-o-m), and machinery, equipment and supplies (-0.3 per cent m-o-m) posted decreases in wholesale sales in July.

In y-o-y terms, wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) surged 1.1 per cent in July. 

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