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Wholesale trade rises 0.5% to $42.6bn in August
20 Oct '06
1 min read
Wholesale sales rose 0.5 percent to $42.6 billion in August, following a 2.2 percent rise in July. The increase came despite a large drop (-7.4 percent) in automotive product sales, which returned to more normal levels after posting very strong growth in July.
This sector accounts for approximately one-fifth of all wholesale sales, so any significant drop will normally be reflected in the overall wholesale number.
Outside of the automotive sector, sales advanced at a robust 2.6 percent clip in August, with all six of the remaining wholesale sectors registering gains.
Wholesalers of "other products" (mainly chemicals), personal and household goods, were among the most notable gainers.
The sales trend for wholesale has generally been rising since September 2003, in line with the growth in the Canadian economy.
As key intermediaries in the economy, wholesalers have been able to benefit from both the surge in business investment as well as strong consumer demand during this period.
Sales in constant dollars, which exclude the effects of price fluctuations, increased by 2.0 percent in August.
This sector accounts for approximately one-fifth of all wholesale sales, so any significant drop will normally be reflected in the overall wholesale number.
Outside of the automotive sector, sales advanced at a robust 2.6 percent clip in August, with all six of the remaining wholesale sectors registering gains.
Wholesalers of "other products" (mainly chemicals), personal and household goods, were among the most notable gainers.
The sales trend for wholesale has generally been rising since September 2003, in line with the growth in the Canadian economy.
As key intermediaries in the economy, wholesalers have been able to benefit from both the surge in business investment as well as strong consumer demand during this period.
Sales in constant dollars, which exclude the effects of price fluctuations, increased by 2.0 percent in August.
Statistics Canada
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