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UPDATE 1-Canada wholesale trade unexpectedly dips in Aug

Published 2015-10-20, 09:02 a/m
© Reuters. UPDATE 1-Canada wholesale trade unexpectedly dips in Aug

(Adds details)
OTTAWA, Oct 20 (Reuters) - The value of Canadian wholesale
trade unexpectedly fell 0.1 percent in August as sales declined
in sectors including machinery and motor vehicles, data from
Statistics Canada showed on Tuesday.
Economists had forecast a gain of 0.2 percent on the month.
In volume terms, August wholesale sales fell 0.5 percent. July's
reading was revised downward to a 0.1 decline.
Inventories grew 0.6 percent to C$73.2 billion ($56.34
billion) in August, the highest on record, the statistics agency
said.
The machinery, equipment and supplies sector dropped 2.4
percent to its lowest level since April 2014, and the motor
vehicle and parts sector fell 1.2 percent.
Four sectors declined, representing 72 percent of wholesale
trade, though the sale of farm products, miscellaneous items and
building materials recorded gains.
Wholesale sales fell for the eighth time in nine months in
oil-rich Alberta, edging down 0.9 percent to C$6.6 billion.
($1=$1.2993)

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