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

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.

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

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.

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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