Wholesale sales in Canada increased 0.3 percent over a month earlier in August 2020, following an upwardly revised 5.2 percent gain in July and matching market expectations. Sales went up in 4 of the 7 subsectors, led by the building material and supplies (+ 7 percent), driven by lumber, millwork, hardware and other building supplies; and the motor vehicle & motor vehicle parts and accessories (+2.5 percent). Meanwhile, sales dropped in the personal & household goods subsector (-3.1 percent) due to declines in the pharmaceutical and pharmacy supplies industry (-6 percent); and food, beverage & tobacco (-2.4 percent), almost entirely due to lower sales in the food industry. Wholesales in August were 1.7 percent above February’s pre-pandemic levels. Year-on-year, sales advanced 3.4 percent. source: Statistics Canada
Wholesale Sales in Canada averaged 0.44 percent from 1993 until 2020, reaching an all time high of 18.80 percent in June of 2020 and a record low of -21.50 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 October of 2020.
Wholesale Sales in Canada is expected to be 0.70 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 1.00 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.