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Stats Canada: wholesale sales fall 1.2 percent in September

The drop follows increases in four of the previous five months


November 21, 2016
The Canadian Press
The Canadian Press

OTTAWA—Statistics Canada says the value of wholesale sales fell 1.2 percent in September to $56.0 billion.

Economists had expected a gain of 0.4 percent from the previous month, according to Thomson Reuters.

The drop follows increases in four of the previous five months.

Statistics Canada says wholesale sales fell in five of the seven subsectors it tracks, led by the machinery, equipment and supplies and the miscellaneous subsectors.

The machinery, equipment and supplies subsector posted the largest drop in dollar terms for the month as it fell 4.0 percent to $10.9 billion, its lowest level since April. The miscellaneous subsector fell 3.1 percent to $7.0 billion.

Wholesale sales in volume terms fell 1.5 percent in September.

News from © Canadian Press Enterprises Inc. 2016