Wholesale Sales Increased in Canada, After Contracting for Three Months
Skerdian Meta • 1 min read
The Canadian economy has been weakening during 2019, following the rest of the globe. Certain sectors of the economy fell in contraction, while wholesale sales declined in three out of the last four months. Sales have declined by 2.5% in total since August last year. But, today’s report showed a decent jump for December.
- Canada December wholesale trade sales +0.9% vs +0.4% expected
- was -1.2% (revised to -1.1%)
- Four of seven subsectors higher
- Volumes rose 0.8%
- Sales up 2.3% in 2019, the 10th consecutive increase