Wholesale sales in Canada declined 1.2 percent month-over-month in November of 2019, following an upwardly revised 1.2 percent fall in October and compared with market expectations of a flat reading. Five of the seven subsectors reported lower sales. Sales in the motor vehicle and motor vehicle parts and accessories decreased 3.3 percent, the fourth consecutive monthly decline. Also, miscellaneous sales dropped 4.1 percent, primarily as a result of lower sales in the agricultural supplies (-8.5 percent). In addition, sales of both personal & household goods and building material & supplies went down 1 percent each. On the other hand, machinery, sales rose for equipment and supplies sales (+0.8 percent) and farm products (1.2 percent).
Wholesale Sales in Canada averaged 0.42 percent from 1993 until 2019, reaching an all time high of 6.90 percent in September of 2003 and a record low of -5.30 percent in August of 2003. This page provides - Canada Wholesale Sales MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Canada
Wholesale Sales in Canada is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wholesale Sales in Canada to stand at 1.90 in 12 months time. In the long-term, the Canada Wholesale Sales MoM is projected to trend around 2.50 percent in 2021, according to our econometric models.