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Wholesale trade climbs 1.4% to $64.1B in March, beats expectations

Growth came as sales gained in six of the seven subsectors.

May 23, 2019   by CP STAFF

OTTAWA—Statistics Canada says wholesale sales rose 1.4% to $64.1 billion in March.

Economists had expected an increase of 0.9%, according to Thomson Reuters Eikon.

The growth came as sales gained in six of the seven subsectors, accounting for 82% of total wholesale sales.

The building material and supplies subsector climbed 4.5% to $9.0 billion in March, while the machinery, equipment and supplies subsector rose 2.9% to $13.5 billion.

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The motor vehicle and motor vehicle parts and accessories subsector was the lone group to fall as it decreased 2.0% to $11.3 billion. Excluding the subsector, wholesale sales were up 2.2% in March.

Wholesale sales in volume terms rose 1.0% in March.


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