Canada January wholesale trade falls 3.1 percent on weak auto sales
Canadian wholesale trade dropped by a larger-than-expected 3.1 percent in January, erasing December's gains with the biggest monthly decline since January 2009, Statistics Canada data indicated on Wednesday.
Sales decreased in four of seven subsectors, led by a 11.3 percent decline in the sale of motor vehicles and parts. In volume terms, sales fell by 3.3 percent.
Jan Jan Dec (rev) Dec (prev)
mo/mo yr/yr mo/mo mo/mo
Wholesale trade -3.1 +7.1 +2.8 +2.5
Wholesale trade ex-autos -1.3 +6.6 +2.1 +1.9
Wholesale inventories +1.3 +12.6 +1.2 +1.0 Continued...