Canadian Manufacturing

Statistics Canada says wholesale sales grew in August but at a slower pace

The increase compared with a rise of 5.2% in July and 18.5% in June

October 19, 2020  The Canadian Press

OTTAWA — Statistics Canada says wholesale sales edged up 0.3% in August to advance for a fourth consecutive month, though at a much slower pace.

The agency says wholesale sales were up 0.3% to $65.7 billion in August.

The increase compared with a rise of 5.2% in July and 18.5% in June.

The result for August matched the average expectations of economists, according to financial data firm Refinitiv.

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Four of seven subsectors increased in August as sales in the building material and supplies subsector rose 7.0% to hit a record high of $9.8 billion and the motor vehicle and motor vehicle parts and accessories subsector grew 2.5% to $10.9 billion.

In volume terms, wholesale sales increased 0.1% in August.

Statistics Canada says wholesale sales in August were 1.7% above pre-COVID-19 levels.


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