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    Canada’s wholesale sales drops 3.1% in January, the largest monthly decline since January 2009 | 18.03.2015

     

    Statistics Canada released wholesale sales figures on Wednesday. Wholesale sales dropped 3.1% in January, missing expectations for a 2.1% gain, after a 2.8% rise in December. It was the largest monthly decline since January 2009.

     

     

    December's figure was revised up from a 2.5% increase.

     

     

    Sales declined in four of seven subsectors, driven by a in the sale of motor vehicles and parts. Sales of motor vehicles and parts plunged 11.3% in January.

     

     

    Sales excluding the motor vehicle sector decreased 1.3% in January.


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