Canadian Wholesale Sales Rise In September

Statistics Canada says wholesale sales edged up 0.2 percent in September, after a 1.5 percent decline in August.

OTTAWA (CP) -- Wholesale sales edged up 0.2 percent in September, after a 1.5 percent decline in August.

Statistics Canada says higher sales in the machinery and electronic equipment sector, and the food, beverages and tobacco products sector offset weaker sales in the automotive products sector.

Sales excluding the automotive products sector rose 0.6 percent.

In volume terms, wholesale sales were up 0.3 percent.

Overall, four of seven sectors, accounting for two-thirds of total wholesale sales, increased in September.

The largest increase came in the machinery and electronic equipment sector, which rose 1.2 percent in September.

The food, beverage and tobacco products sector rose one percent, solely based on the strength of the food products trade group.

Sales in the automotive products sector fell 1.9 percent, largely due to a two percent drop in motor vehicle sales.

Wholesale inventories fell 0.9 percent to $55 billion in September, their seventh straight monthly decline.

Overall, eight of the 15 wholesale trade groups reported lower inventory levels, with the largest decline in dollar terms in machinery and equipment, food products, and apparel. Higher inventories were reported in motor vehicle parts and accessories, and building supplies.

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