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October 23, 2018

Canadian wholesale sales edged down in August

Statistics Canada announced that wholesale sales edged down 0.1% to $63.6 billion in August. Sales were down in four of seven subsectors, representing 65% of total wholesale sales.

According to the Federal Agency the building material and supplies and the motor vehicle and parts subsectors led the declines in August, while the machinery, equipment and supplies subsector posted the largest gain.

The building material and supplies subsector was down 2.3% to $9.5 billion in August and sales in the motor vehicle and parts subsector fell 1.4% to $10.8 billion.

The machinery, equipment and supplies subsector recorded the largest gain in August. Sales increased for the second consecutive month, up 2.2% to $13.3 billion

Sales in the miscellaneous (+1.4% to $8.2 billion) and the farm products (+4.1% to $860 million) subsectors increased in August, following two consecutive monthly declines.