Wholesale sales in Canada slumped 21.6 percent over a month earlier in April 2020, following an upwardly revised 2.7 percent fall in March and compared with market expectations of a 12.6 percent drop. It was the biggest decline in wholesale sales on record, amid business closures and lockdowns due to the coronavirus pandemic. All seven subsectors recorded lower sales for the first time since November 2008. Sales plunged for motor vehicle parts & accessories (-64.7 percent); personal & household goods (-21.5 percent), namely pharmaceuticals & pharmacy supplies (-22.9 percent); building materials (-22.2 percent); machinery & equipment (-7.9 percent) and food, beverages & tobacco (-11.8 percent). Nine provinces recorded lower sales in Canada, with Ontario posting the largest drop (-30.2 percent) while Saskatchewan was the only province recording an increase.
Wholesale Sales in Canada averaged 0.35 percent from 1993 until 2020, reaching an all time high of 6.90 percent in September of 2003 and a record low of -21.60 percent in April of 2020. This page provides - Canada Wholesale Sales MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Wholesale Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Statistics Canada
Wholesale Sales in Canada is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wholesale Sales in Canada to stand at 1.10 in 12 months time. In the long-term, the Canada Wholesale Sales MoM is projected to trend around 1.00 percent in 2021 and 1.50 percent in 2022, according to our econometric models.