Canada: Wholesale sales declined 1.2% to $62.0 billion in September

Eren Sengezer FXStreet

"Following two months of increases, wholesale sales declined 1.2% to $62.0 billion in September, the second decline of 2017," the Statistics Canada announced on Tuesday.

Key highlights

Decreases were recorded in five of seven subsectors, led by the personal and household goods and the food, beverage and tobacco subsectors.

In volume terms, wholesale sales declined 1.1%.

In the third quarter, current dollar wholesale sales increased 1.5% while constant dollar sales increased 2.0%. For both current and constant dollars, this marked the sixth consecutive quarterly increase.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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