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Canada wholesale trade for June -2.8% versus -4.2% expected

Prior month 3.5% revised to 2.9%Wholesale sales (excluding certain categories) dropped -2.8% to $80.5 billion in June after a significant rise in May of 2.9% (revised down from 3.5% though). The expectations was up for a decline of -4.2%May's increase was the largest since June 2020.Most subsectors reported a decline in sales.The drop in sales was primarily driven by the miscellaneous, machinery, equipment and supplies, and the motor vehicle subsectors.These subsectors had seen a sales surge in... Read More

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Content Topics

Canada

Wholesale

Trade

June

Versus

Expected

Forex

Posted: Aug 16 2023, 12:31

Author Name: forexlive

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