March 18, 2015 / 12:38 PM / in 3 years

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.

(Percent changes)

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

Sectors:

Farm products -8.6 +8.4

Food/beverage/tobacco +0.9 +5.7

Personal/household 0.0 +1.5

Motor vehicles and parts -11.3 +9.8

Building -5.3 +9.3

Machinery/equipment 0.0 +6.0

Misc. -2.7 +11.4

NOTE: Analysts surveyed by Reuters had on average forecast a decrease of 0.8 percent in January wholesale trade from December. All figures are seasonally adjusted.

Reporting by Peter N Henderson; Editing by Leah Schnurr; leah.schnurr@thomsonreuters.com; +1 613 235 6745; Reuters Messaging: leah.schnurr.thomsonreuters.com@reuters.net

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