OTTAWA – The value of Canadian wholesale trade remained unchanged in January from December as lower auto sales cancelled out gains in other sectors, Statistics Canada said on Thursday.
Analysts in a Reuters poll had predicted a 0.2 per cent increase in wholesale sales from December. In volume terms, sales fell by 0.2 per cent.
Sales within the motor vehicles and parts subsector came by 2.8 percent, the first decline in three months. Sales of motor vehicles, which had hit a record in December, sank by 4.9 per cent.
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Overall, sales were higher in four out of seven subsectors, comprising around 54 per cent of wholesale sales.
The machinery, equipment and supplies subsector gained 2.6 per cent while personal and household goods rose 0.5 per cent to hit an archive high.
Wholesale inventories edged up by 0.3 percent, the first increase in 3 months.
? Thomson Reuters 2016
