June wholesale sales up 0.6%: Statistics Canada

OTTAWA — Statistics Canada says wholesale sales climbed 0.6% to $64.1 billion in June following a drop of 1.9% in May.

Economists had expected an increase of 0.3% for June, according to the financial markets data firm Refinitiv.

Sales were up in four of seven subsectors, representing 54% of total wholesale sales.

The miscellaneous subsector posted the largest increase in June in dollar terms as it rose 3.5% to $8.2 billion.

Sales in the machinery, equipment and supplies subsector rose 1.5% to $13.9 billion, while the food, beverage and tobacco subsector increased 1.3% to $12.1 billion.

Wholesale sales increased 0.6% in volume terms.