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    Canada’s wholesale sales falls 0.4% in February | 21.04.2015

     

    Statistics Canada released wholesale sales figures on Tuesday. Wholesale sales declined 0.4% in February, after a 2.9% drop in January.

     

     

    January's figure was revised up from a 3.1% decline.

     

     

    The decline was driven by lower sales in the building material and supplies subsector. Sales in the building material and supplies subsector slid 2.7%.

     

     

    Sales decreased in three of the seven subsectors.

     

     

    Sales of automobiles and parts dropped by 1.4% in February.

     

     

    Inventories climbed by 0.6% in February. It was the 14th consecutive increase.


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