Canadian wholesale sales continued to recover in July

Statistics Canada announced that wholesale sales grew for a third consecutive month in July as sales rose 4.3% to a record high $65.0 billion on the strength of higher sales in the motor vehicle and motor vehicle parts and accessories subsector.

The Federal Agency says sales increased in six subsectors in July. Excluding the motor vehicle and motor vehicle parts and accessories subsector, wholesale sales increased 1.8%.

The recovery from the COVID-19-induced drop has been widespread in the wholesale sector, as most subsectors’ sales have reached pre-pandemic levels.

Five of the seven subsectors reported sales in July that were higher than in February, led by the miscellaneous; machinery and equipment and supplies; and food, beverage, and tobacco subsectors. Excluding the motor vehicle and motor vehicle parts and accessories subsector, wholesale sales in July were 2.9% higher than in February.

Source: Statistics Canada

< Return