December 20, 2010
by Purchasing b2b staff
OTTAWA: Wholesale sales remained unchanged at $44.9 billion in October, after advancing 0.7 percent in September.
Statistics Canada said the volume of wholesale sales rose 0.3 percent as four of seven subsectors reported higher sales. Those increases were largely offset by lower sales in the machinery, equipment and supplies subsector.
The largest gain in dollar terms came from the motor vehicle and parts subsector, which increased 2.8 percent to $7.9 billion. The second largest increase was recorded in the personal and household goods subsector (up 1.7 percent).
Sales in the machinery, equipment and supplies subsector declined 3.5 percent to $9.1 billion, with the computer and communications equipment and supplies industry accounting for nearly half the drop.
Wholesalers in eight provinces reported lower sales in October, with those declines largely offset by higher sales in Ontario.
Ontario, which accounts for more than 50 percent of all wholesale sales across Canada, registered a third straight increase at 1.5 percent to $23.3 billion, mainly owing to higher sales in the motor vehicle industry.
Nationally, inventories declined 0.7 percent in October to $52.5 billion, as 16 of the 25 wholesale trade industries recorded a drop.