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September 27, 2018

Canadian wholesale sales rose 1.5% to $63.9 billion in July

Statistics Canada announced that wholesale sales rose for the third time in five months, up 1.5% to $63.9 billion in July, more than offsetting the 0.9% decline in June. Sales were up in four of seven subsectors, representing approximately 66% of total wholesale sales.

According to the Federal Agency the personal and household goods; food, beverage and tobacco; and motor vehicle and parts subsectors led the gains in July, while the miscellaneous subsector posted the largest decline.

The personal and household goods subsector rose for the second consecutive month, up 4.2% to $9.2 billion in July and, following two consecutive months of declines, sales in the food, beverage and tobacco subsector were up 2.6% to $12.0 billion.

Of the three subsectors posting declines in July, the miscellaneous subsector was the largest contributor, edging down 0.2% to $8.2 billion. Two of the subsector's five industries declined in July, accounting for approximately 41% of the subsector's sales.