Statistics Canada says wholesale sales unchanged in July at $55.4B

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OTTAWA — Statistics Canada says wholesale sales were unchanged at $55.4 billion in July.

Economists had expected a gain of 0.7 per cent, according to Thomson Reuters.

In volume terms, wholesale sales fell 0.4 per cent in July.

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Three subsectors posted gains, led by the machinery, equipment and supplies group. The subsector gained 1.0 per cent total $11.3 billion, its second consecutive increase, helped by the computer and communications equipment and supplies industry.

Wholesale sales in the motor vehicle and parts subsector rose 0.2 per cent to $10.3 billion in July, while the miscellaneous subsector rose 0.3 per cent to $7.0 billion.

The food, beverage and tobacco subsector had the largest decrease in dollar terms as it slipped 0.5 per cent to $10.7 billion.

The Canadian Press

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