Canada: Wholesale sales rose 0.9% to a record high $61.6 billion in May
|"Wholesale sales rose 0.9% to a record high $61.6 billion in May. Sales were up in six of the seven subsectors, representing 80% of total wholesale sales," the Statistics Canada announced on Monday.
Key highlights:
- The miscellaneous subsector and the motor vehicle and parts subsector contributed the most to the advance
- In volume terms, wholesale sales increased 0.8% from April to May
- Wholesale inventories increased 0.6% to $79.0 billion in May, the ninth increase in ten months
- Inventories were up in six of the seven subsectors, representing 73% of total wholesale inventories
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