Canada 1Q Wholesale Sales Rise 2.4% From Previous Quarter
Source: Statistics Canada Release
Wholesale sales rose 0.8% to $41.4 billion in March after falling 1.0% in February. Although five of the seven wholesale sectors posted gains, most of March's increase was attributable to stronger sales of personal and household goods (+3.6%) and of machinery and electronic equipment (+3.3%).
Conversely, the automotive products sector was down sharply (-3.0%). Excluding the automotive products sector, wholesale sales rose 1.8% in March after declining 0.7% the previous month.
Since September 2003, total wholesale sales have generally been rising, with strength in most trade groups. Previously, slumping ...