Canadian Manufacturing

Statistics Canada says wholesale sales rose 1.8% in January

Sales in the motor vehicle and motor vehicle parts subsector grew 3.0%

March 23, 2020  The Canadian Press

OTTAWA — Statistics Canada reports wholesale sales rose 1.8% to $65.2 billion in January, boosted by the motor vehicle and motor vehicle parts and accessories and the miscellaneous subsectors.

Economists had expected a decline of 0.1% for the month, according to financial markets data firm Refinitiv.

The January results come ahead of what is expected to be a sharp downturn in the economy due steps taken to slow the spread in COVID-19.

Statistics Canada says sales in the motor vehicle and motor vehicle parts subsector grew 3.0% to $11.3 billion in January.

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Meanwhile, the miscellaneous subsector climbed 3.1% to $8.4 billion, boosted by the agricultural supplies industry which increased 10.5%.

In volume terms, wholesale sales grew 1.7% in January.


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