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Statistics Canada says wholesale sales up 0.3% at $70.3 billion in August

OTTAWA –

Statistics Canada says wholesale sales rose 0.3 per cent in August to $70.3 billion, the first increase following two months of declines.

The agency says the gain came as sales of food, beverage and tobacco products rose 3.8 per cent in August to $13.1 billion to top March 2020 sales for the first time.

Sales in the building material and supplies subsector climbed 2.3 per cent higher to $11.4 billion.

Meanwhile, motor vehicle and motor vehicle parts and accessories sales fell 4.2 per cent in August to $10.3 billion due in part to the ongoing shortage of semiconductor chips.

Sales of machinery, equipment and supplies dropped 1.7 per cent to $14.4 billion.

Wholesale sales in constant dollar terms rose 0.3 per cent in August.

This report by The Canadian Press was first published Oct. 15, 2021

Click Here to Visit Orignal Source of Article https://www.ctvnews.ca/business/statistics-canada-says-wholesale-sales-up-0-3-at-70-3-billion-in-august-1.5624391

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