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.

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Canada Wholesale Sales MoM

Actual Previous Highest Lowest Dates Unit Frequency
-21.60 -2.20 6.90 -21.60 1993 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-23 12:30 PM Jan 1.8% 1% -0.1% -0.4%
2020-04-20 12:30 PM Feb 0.7% 1.8% -0.5% -0.3%
2020-05-20 12:30 PM Mar -2.2% 0.7% -3.8% -3.1%
2020-06-18 12:30 PM Apr -21.6% -2.7% -12.6% -9%
2020-07-17 12:30 PM May -21.6% 8%
2020-08-19 12:30 PM Jun 5%
2020-09-18 12:30 PM Jul 2.5%
2020-10-19 12:30 PM Aug 1.2%


News Stream
Canada Wholesale Sales Fall at Record Pace
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.
2020-06-18
Canada Wholesale Sales Fall Less than Expected
Wholesale sales in Canada dropped 2.2 percent over a month earlier in March of 2020, less than forecasts of a 3.8 percent drop. Still, it is the biggest decline in wholesale sales since January of 2015 due to coronavirus mandatory closure of non-essential businesses. Over three-quarters (75.9%) of wholesalers saw their business activity impacted by the COVID-19. The personal and household goods subsector (84.9%) reported the highest proportion of affected businesses, led by the home furnishings industry (90.0%) and the personal goods industry (87.4%). In dollar terms, the motor vehicle and motor vehicle parts and accessories subsector contributed the most to the decline. Excluding this subsector, wholesale sales rose 2.1%.
2020-05-20
Canada Wholesale Sales Unexpectedly Rise for 3rd Month
Wholesale sales in Canada rose 0.7 percent over a month earlier in February 2020, easing from a 1.8 percent gain in the previous month but beating market expectations of a 0.5 percent decline. It was the third consecutive rise in wholesale trade, as sales in the motor vehicle and motor vehicle parts and accessories subsector increased (4.2 percent), driven by the motor vehicle industry (6.5 percent) due to increases of manufactured motor vehicles and exports of passenger cars and light trucks, following extended temporary shutdowns of certain automotive assembly plants in January. Meanwhile, sales fell for personal and household goods (-0.3 percent) and food (-0.3 percent) amid railway blockades and the coronavirus pandemic. Year-on-year, wholesale trade went up 3.8 percent.
2020-04-20
Canada Wholesale Sales Rise the Most in Over 3 Years
Wholesale sales in Canada increased 1.8 percent over a month earlier in January 2020, after rising an upwardly revised 0.9 percent in the previous month and beating market expectations of a 0.1 percent fall. It was the second consecutive rise in wholesale trade and the largest since December 2016, as sales went up in the motor vehicle and motor vehicle parts subsector (3 percent), driven by the motor vehicle industry (3 percent); and miscellaneous (3.1 percent), boosted by the agricultural supplies industry (10.5 percent). Higher sales were recorded in seven provinces, together representing 87 percent of total wholesale sales. Year-on-year, wholesale trade advanced 3.2 percent.
2020-03-23

Canada Wholesale Sales MoM
The Monthly Wholesale Trade Survey presents estimates of monthly sales for wholesale merchants in Canada, providing information on the performance of the wholesale trade sector as an important indicator of the health of the Canadian economy. In addition, the business community uses the data to analyse market performance.