Wholesale sales in volume terms up 0.8 percent, five of seven subsectors post gains
OTTAWA—Statistics Canada says wholesale sales gained 0.8 percent to $56.8 billion in August, boosted by the miscellaneous and machinery, equipment and supplies subsectors.
Economists had expected a gain of 0.6 percent, according to Thomson Reuters.
Wholesale sales in volume terms were up 0.8 percent.
Statistics Canada says five of the seven subsectors posted gains.
The miscellaneous subsector recorded the largest increase in dollar terms as it increased 3.9 per cent to $7.2 billion, boosted by sales in the agricultural supplies industry.
Wholesalers in the machinery, equipment and supplies subsector grew by 1.3 percent at $11.4 billion, the highest level since January 2016.