“Wholesale sales edged up 0.1% to $63.1 billion in April. Sales were up in three of seven subsectors, accounting for 54% of total wholesale sales,” Statistics Canada announced on Thursday.
Key takeaways
- Increases in the machinery, equipment and supplies and the food, beverage and tobacco subsectors were almost completely offset by declines in the motor vehicle and parts subsector.
- In volume terms, wholesale sales were unchanged at $54.8 billion.
- Wholesale inventories edged up 0.1% in April to $82.6 billion, the first increase in three months.
- Higher inventories in four subsectors, representing 45% of total wholesale inventories, offset declines in three subsectors.
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