Canada Wholesale Revenues Rebound 0.9% in May
Release taken from Statistics Canada
Wholesale sales rebounded 0.9% in May to $41.8 billion, after declining 0.3% in April. While most of the seven wholesale trade sectors registered gains, more than half of the increase was attributable to higher sales in the automotive sector. Excluding the automotive sector, sales rose 0.5%. Since September 2003, total wholesale sales have generally been rising.
Wholesalers of automotive products (+2.3%) and building materials (+1.8%) were the main contributors to sales growth in May. Only the farm products sector registered a decrease (-7.8%).
In constant dollars, wholesale sales increased 1.8% in May.