Canadian Manufacturing

Statistics Canada reports wholesale sales up 1.0% in September

Wholesale trade was boosted by gains in the machinery, equipment and supplies subsector


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OTTAWA – Statistics Canada says wholesale trade rose 1.0% to $65.1 billion in September, boosted by gains in the machinery, equipment and supplies subsector.

The move higher reversed a drop of 1.2% in August.

Economists on average had expected an increase of 0.3%, according to financial markets data firm Refinitiv.

Statistics Canada says the machinery, equipment and supplies subsector reported the largest increase in dollar terms in September as sales rose 4.4% to $13.9 billion.

Sales in the personal and household goods subsector rose 1.0% to $9.6 billion in September.

Wholesale sales increased 0.9% in volume terms.

 

News from © Canadian Press Enterprises Inc. 2020

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